The cash records and bank statement for...

The cash records and bank statement for the month of July for Jamestown, Incorporated are shown below.

JAMESTOWN, INCORPORATED
Cash Account Records
July 1, 2024 to July 31, 2024
Cash Balance July 1, 2024	Cash Receipts			Cash Disbursements		Cash Balance July 31, 2024
$7,250	$9,370			$8,950		$7,670
Cash Receipts			Cash Disbursements
Date	Description	Amount	Date	No.	Description	Amount
7/9	Sales	$2,610	7/7	531	Rent	$1,400
7/21	Sales	3,340	7/12	532	Salaries	1,950
7/31	Sales	3,420	7/19	533	Equipment	3,800
			7/22	534	Utilities	600
			7/30	535	Advertising	1,200
		$9,370				$8,950

JAMESTOWN, INCORPORATED
Bank Statement
July 31, 2024
P.O. Box 123878 Watonga, OK 73772 (580) 377-OKIE		RELIABLE BANK					Member FDIC
Account Holder:		Jamestown, Incorporated 519 Main Street Watonga, OK 73772			Account Number:		2252790471
					Statement Date:		July 31, 2024
Beginning Balance July 1, 2024		Deposits and Credits			Withdraws and Debits		Daily Balance July 31, 2024
$7,750		Number		Total	Number	Total	$5,135
		3		$6,010	7	$8,625
Deposits and Credits			Withdraws and Debits				Daily Balance
Date	Amount	Description	Date	Number	Amount	Description	Date	Amount
7/10	$2,610	DEP	7/2	530	$500	CHK	7/2	$7,250
7/22	3,340	DEP	7/10	531	1,400	CHK	7/10	8,460
7/31	60	INT	7/14	532	1,950	CHK	7/14	6,510
			7/18		300	NSF	7/18	6,210
			7/22	533	4,000	CHK	7/22	5,550
			7/26		400	EFT	7/26	5,150
			7/30		75	SF	7/30	5,075
	$6,010				$8,625		7/31	$5,135

Description: DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer

Additional information:

The difference in the beginning balances in the company's records and the bank statement relates to check #530, which was outstanding as of June 30, 2024.

Check #533 is correctly processed by the bank.

The EFT on July 26 relates to the purchase of office supplies.

Required:

1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. 2. Record the necessary entry(ies) to adjust the balance for cash.

Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation to calculate the correct balance of cash on July 31,2024 . (Amounts to be deducted should be indicated with a minus sign.) Complete this question by entering your answers in the tabs below. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal Required" in the first account field.) Journal entry worksheet Nate: Enter debits before credits. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction Required" in the first account field.) Journal entry worksheet Note: Enter debits before crect ts