Question 2 Needs Grading Abdulla Company deposits all cash receipts on the day when they are received and it makes all cash payments by check At the close of business on July 31, 2018, its Cash account shows an $19,773 debit balance. Abdulla Company's July 31 bank statement shows $21,646 on deposit in the bank. Prepare a bank reconciliation for Abdulla Company using the following information: a. Check No. 123, listed with the canceled checks, was correctly drawn for $1,563 in payment of a utility bill on July 15. Abdulla Company mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $1,536. b. Outstanding checks as of July 31 total $1,500. c. It is noted in the bank statement that an amount of $400 is directly credited in the bank account as interest income, this has not been reported in the company's cash book. Required: Show adjusted balance in cash book and prepare a bank reconciliation statement