Question No 03 Marks 08] The cash transactions and cash balances of Norfleet Farm for July were as follows 1. The ledger accounts of Cash showed a balance at July 31 of $16,766.95. 2. The July bank statement showed a closing balance of $18,728.12. 3. The cash received on July 31 amounted to $3817.15. It was left at the bank in the night depositary chute after banking hours on July 31 and therefore was not recorded by the bank on the July Statement. 4. Also included with July bank statement was a debit memorandum from the bank for $7.65 representing service charges for July. 5. A credit memorandum enclosed with the July bank statement indicated that a non- interest bearing note receivable for $4345 from Rene Manes, left with the bank for collection, had been collected and the proceeds credited to the account of Norfleet Farm. 6. Comparison of paid checks returned by the bank with the entries in the accounting records revealed that check no. 821 for 835.02 , issued July 15 in Payment for Office equipment, had been erroneously entered in Norfleet's records as $853.02 7. Examination of paid checks also revealed that three checks, all issued in July, had not yet been paid by the bank: no. 811 for $861.12; no 814 for $640.80; no. 823 for $301.05. 8. Included with the July bank statement was a $380 check drawn by Howard Williams, a customer of Norfleet. This check was marked "NSF", It had been included in the deposit of July 27 but had been charged back against the company's account on July 31. Required: a. Prepare a bank reconciliation for Norfleet Farm at July 31