Problem 9-3 (IAA) Fabulous Company provided the following data cash on July 31 Bank statement Checks drawn Balance,July 31 Charges: No. 101 No. 102 No. 103 No. 104 No. 105 No. 106 No. 107 No. 108 600,000 700,000 300,000 400,000 450,000 600,000 650,000 500,000 2700,00 Checks paid 4,000 Service charge 2000 Deposits Credits 3,500 Note collected 1,5000 Balance of cash per book on July 1, P1,270,000. Cash per cash book for the month of July P3,400,000o. Checks paid by bank include all checks issued durino month of July except No. 107 and No. 108. On July 31 cash received but not deposited in bank, P400, Required: a. Prepare bank reconciliation on July 1 and July 31. b. Prepare adjusting entries on July 31. 286