QUESTION 4 (7 marks) The Cash account of Morgan Service Co. at July 31, 2013 showed a debit balance of $11,352 However, Morgan's bank statement showed only $10,332 on deposit in its bank on that day along with the following information. a. Outstanding cheques, $1,713. A debit memorandum for bank charges, $18. Cheque # 81, returned with the cancelled cheques, was correctly drawn for $489 in payment of the utility bill and was paid by the bank on July 15. However, it had been recorded with a debit to Utilities Expense and a credit to Cash as though it were for $498 The July 31 cash receipts, $2,724, were placed in the bank's night depository after banking hours on that date and were unrecorded by the bank at the time the July bank statement was prepared. REQUIRED: 1. Prepare a bank reconciliation for Morgan at July 31, 2013. (5 marks) 2. Prepare the journal entries that Morgan should make as a result of having prepared the bank reconciliation in part 1. (2 marks) Ref. Account Titles Debit Credit