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Shimmer Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed,

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Shimmer Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed, its Cash account showed a $10.927 debit balance. However , Shimmer's July 31 bank statement showed only $10,115 on deposit in the bank on that day along with the following information a. Outstanding cheques, $2,767. b. Included with the July cancelled cheques returned by the bank was a $10 debit memo for bank services. c. Cheque #919, returned with the cancelled cheques, was correctly drawn for $238 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 $328. d. The July 31 cash receipts, $3,659, 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: a. Prepare a bank reconciliation for Shimmer Co. at July 31, SHIMMER CO Bank Reconciliation July 31, 2020 Company's Books Book balance of cash Add: Bank Statement Bank statement balance Add: Deduct: Deduct: Adjusted bank balance | Adjusted book balance b. Give the journal entries that Shimmer Co. should make as a result of having prepared the bank reconciliation in part (a). View transaction list Journal entry worksheet Record to correct utilities error. Note: Enter debits before credits. General Journal Debit Credit Date Jul 31 Record entry Clear entry View general Journal Analysis Component Identify whether profit, assets, labilities, and equity would be over- or understated if the journal entries in part (b) were not recorded. (If there is no effect on any of the elements, select "No offect") Profit Assets Liabilities Equity

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