Shimmer Co. deposits all receipts Intact on the day recelved and makes all payments by cheque. On July 31, 2020, after all posting was completed, Its Cash account showed a $10,895 debit balance. However, Shimmer's July 31 bank statement showed only $9.972 on deposit in the bank on that day along with the following information. a. Outstanding cheques, $2,727. b. Included with the July cancelled cheques returned by the bank was a $46 debit memo for bank services. c. Cheque #919, returned with the cancelled cheques, was correctly drawn for $568 In payment of the utility bili and was paid by the bank on July 15. However, it had been recorded with a debit to Utilitles Expense and a credit to Cash as though it were for $658. d. The July 31 cash receipts, $3,694, were placed in the bank's night deposltory 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, a. Prepare a bank reconciliation for Shimmer Co. at July 31 Bank Statement SHIMMER CO. Bank Reconciliation July 31, 2020 Company s Books Book balance of cash Add: Thu Bank statement balance Uit 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: Date General Journal Debit Credit Jul 31 Analysis Component: Identify whether profit, assets, liabilities, 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 effect".) Profit Assets Liabilities Equity