The bank reconciliation prepared by Winfield Construction on June $30,2023,$ appeared as follows:

Winfield Construction

Bank Reconciliation

June $30,2023$

Bank statement balance $ $9,000$ Book balance $ $9,590$

Add:

Deposit of June $30$ in transit $1,360$

$ $10,360$

Deduct:

Outstanding cheque #$14770$

Adjusted bank balance $ $9,590$ Adjusted book balance $ $9,590$

The Cash account in the General Ledger appeared as follows on July $31$:

Cash Acct. No$.101$

Date Explanation PR Debit Credit Balance

$2023$

June $30$ Balance $9,590$

July $31$ CR$34,77114,361$

$31$ CD$62,96611,395$

A list of deposits made and cheques written during July, taken from the Cash Receipts Journal and Cash Disbursements Journal, is shown below:

Deposits Made

July $8$ $ $1,220$

$111,580$

$241,366$

$31605$

Total July Cash Receipts $ $4,771$

Cheques Written

No$.52$ $ $1,696$

$53912$

$54358$

Total July Cash Disbursements $ $2,966$

The following bank statement is available for July:

Bank Statement

To: Winfield Construction July $31,2023$

Bank of Montreal

Cheques$/$Charges Deposits$/$Credits Balance

$9,000$

NSF $07/0244007/021,3609,920$

#$5207/081,69607/081,2209,444$

#$9607/1140007/111,58010,624$

$07/241,36611,990$

#$5407/3135807/3111,632$

NSF $=$ Not Sufficient

Funds SC $=$ Service

Charge PMT $=$ Principal

Payment INT $=$ Interest

In reviewing cheques returned by the bank, the bookkeeper noted that cheque #$96$ written by Winburn Construction in the amount of $$400$ was charged against Winfield$$s account in error by the bank. The NSF cheque was regarding a customer account, Jim Anderson.

Required:

$1.$ Prepare a bank reconciliation at July $31.$