Spielberg Company's general ledger shows a checking account balance of $22,840 on July 31, 2021. The July cash receipts of $1,755, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $42. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,330. The bank statement shows a balance of $22,373 on July 31. Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) Answer is complete and correct. Bank's Cash Balance Per Bank Statement Deposits Outstanding Checks Outstanding SPIELBERG COMPANY Bank Reconciliation July 31, 2021 Company's Cash Balance $ 22,373 Per General Ledger 1,755 Service Fees (1,330) $ 22,840 (42) Bank Balance per Reconciliation $ 22.798 Company Balance per Reconciliation $ 22,798 2. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No General Journal Credit Date July 31, 2021 Debit 42% Service Fee Expense July 31, 2021 Cash -42 X