Question $2$ of $5$

$-13$

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The following information is for William's Logistics Company:

Cash balance per bank, July $31,$$$7,690.$

July bank service charge not recorded by the depositor, $$46.$

Cash balance per books, July $31,$$$7,700.$

Deposits in transit, July $31,$$$1,240.$

Bank collected $$700$ note for William's in July, plus interest $$40,$ less fee $$34.$ The collection has not been recorded by William's, and no interest has been accrued.

Outstanding cheques, July $31,$$$570.$

Question $1)$

Prepare a bank reconciliation at July $31.($list items that increase balance as per bank and books first$)$

Question $2)$journal entry is required by the reconciliation at July $31$ on the books of Williams logistics company.$($credit account titles are automatically indentedwhen amount is entered, do not intend manually.if no entry is required, select no entry for the account titles and enter zero for the amounts list all debit entries before credit entries.$)$