Shortly after July 31, Towanda Corporation received a bank statement containing the following information:(problem5)

Date		Checks			Deposits	Balance
6/30	Beg. balance					$ 5,550
7/1					$ 300	5,850
7/2		$ 270	$ 150	$ 330	4,500	9,600
7/3		25	7,025			2,550
7/5		150	450	1,400	10,000	10,550
7/9		1,500	25	325		8,700
7/12		500	100			8,100
7/15		1,600	2,700		3,500	7,300
7/19		75	425			6,800
7/24		650	550			5,600
7/29			525*			5,075
7/31			25**			5,050

*NSF check (deposited in previous period, but withdrawn this period)

**Bank service charge

July cash transactions and balances on Towandas records are shown in the following T-account:

Cash
Balance, 6/30	$ 5,550
Date	Amount Deposited	Check Number	Check Amount	Check Number	Check Amount
7/1	$ 300	176	$ 270	186	$ 25
7/5	4,500	177	150	187	100
7/15	10,000	178	330	188	500
7/29	3,500	179	25	189	2,700
7/30	950	180	7,025	190	1,600
Total deposits	$19,250	181	150	191	75
		182	450	192	425
		183	1,400	193	550
		184	1,500	194	650
		185	325	195	275
Balance, 7/31	$ 6,275	Total disbursements			$18,525

	Required:
1.	Prepare a bank reconciliation for July.
2.	Prepare the adjusting entries made by Towanda Corporation as a result of this reconciliation process.
3.	What amount is reported as cash on the balance sheet at July 31?