Sharon Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records June 30 Bank Reconciliation Balance per bank $ 35,000 Add: Deposits in transit 7.700 Deduct: Outstanding checks (10,000 Balance per books $32.700 Month of July Results Per Bank Per Books $ 43.250 $ 46,250 22.500 29,050 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a customer, returned by the bank (recorded by bank as a charge) 20,000 15,500 7.500 75 1,675 Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. SHARON LANSBURY COMPANY Bank Reconciliation July 31 Balance per bank statement, July 31 $ 43250 Add Deposits in transit 14250 Less : Outstanding checks -5500 Correct cash balance, July 31 52000 Balance per books, July 31 46250 Add : Collection of note 7500 Less Bank service charge 75 i NSF check -1675 1750 i Correct cash balance, July 31 $ 52000 Attempts: 2 of 15 used (b) Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit