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 $10,899 debit balance. However. Shimmer's July 31 bank statement showed only $10,005 on deposit in the bank on that day along with the following information. a. Outstanding cheques, $2,736. b. Included with the July cancelled cheques returned by the bank was a $54 debit memo for bank service's. c. Cheque #919, returned with the cancelled cheques, was correctly drawn for $235 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 $325. d. The July 31 cash receipts, \$3.666, 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: o. Prepare a bank reconcillation for Shimmer Co. at July 31 , Required: a. Prepare a bank reconciliation for Shimmer Co. at July 31. b. Give the journal entries that Shimmer Co. should make as a result of having prepared the bank reconciliation in part (a). Journal entry worksheet Record to correct utilities error. Note: Enter debits before credits. Identify whether profit, assets, liabilities, and equity would be over-or understated if the journal entries in part (b) were not recor (If there is no effect on any of the elements, select "No effect".)