QUESTION 2- 10 MARKS The following information pertains to Missed Calls Company 1) Cash balance per bank, July 31,$7,293 2) July bank service charge not yet recorded, $28 3) Cash balance per general ledger, July 31,$7,427 4) Deposits in transit, July 31, \$1,500 5) Bank collected a $700 note for the company in July, plus interest of $35, less a bank fee of \$25. The collection has not been recorded by the company and the interest was not accrued 6) Outstanding cheques, July 31,$684 Required: a) Prepare the bank reconciliation at July 31 . (7 marks) b) Prepare the adjusting journal entries at July 31 for the company