Preparing Bank reconciliation & any journal entries;

The following information is for Neopolitan Ltd in July

1.Cash balance per bank, July 31, $10,670

2. Cash balance per general ledger cash account, July 31, $8,953

3. Bank Service Charge, $40

4. Deposits in Transit, $1,968

5. Electronic receipts from customers in payment of their accounts, $1,276, not previously recorded by the company

6. Outstanding cheques, $2,359

7. Cheque #373 was correctly written in the amount of $890 but was incorrectly recorded by the companys bookkeeper at $980.

Instructions

a) Prepare the bank reconciliation at July 31

b) Prepare any journal entries required from the reconciliation