Question 2 15 point The following information is available for Montford Company for the month of July On July 31, after all transactions have been recorded, the balance in the company cash account balance of $17,202. The company's bank statement show starce on July 1510.270. . Outstanding chocka July 31 total $2.984. A credit momo included with the bank statement indicates that the bank collected a $700 on noto receivable plus internet $50 and a collection to $40 for the company A debit memo included with the bank statement shows $67 NSF check from a customer, K. Na dA deposit placed in the bank's night depository on July 31 totaling $1.675 did not appear on the bank statement Comparing the check on the bank statement with the entries in the accounting records reveals that check 289 for the payment of an account payable was correctly written for $2.450, bu was recorded in the accounting records as $2.540 Included with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books Required: 1. Prepare the bank reconciliation for July 31 for Montford Company 2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31 (15 Marks) Copy the below bank reconciliation and general journal template into your answer space and then record your answers in them