Saber Tooth Dentists prepares a monthly reconciliation of its cash account. The bank statement for July 2023 indicated the following: Balance, July 31, 2023 $7,960 Service Charges 65 Interest Earned 15 NSF Check from Tickly Toothpaste 100 Automatic Withdrawal for April Rent 2,000

An analysis of the cash accounting records of Saber Tooth Dentists revealed the following items:

Balance, July 31, 2023 $10,550 Deposits in Transit as of July 31 2,140 Outstanding Checks as of July 31 1700

Using the space below and the following blank page, answer the following questions:

1. Prepare a July 2023 bank reconciliation for Saber Tooth Dentists in proper form. Be sure to label all reconciling items. 2. What is the amount of cash that should be reported on the July 31, 2023 balance sheet of Saber Tooth Dentists (circle or highlight the $ amount on your reconciliation)? 3. Prepare the journal entries needed to adjust the cash records because of the bank reconciliation procedures. Please format them in a single excel sheet and make it as neat as possible. Cheers!