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 Cash Balance July 1, Cash 2024 Cash Receipts Disbursements $7,250 $9,370 $8,950 July 31, 2024 $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 5341 Utilities: 600 7/30 535 Advertising 1,200 $9,370 $8,950 P.O. Box 123878 Watonga, OK 73772 JAMESTOWN, INCORPORATED Bank Statement July 31, 2024 RELIABLE BANK Member FDIC JAMESTOWN, INCORPORATED Bank Statement July 31, 2024 P.0. Box 123878 Watonga, OK 73772 (580) 377-OKIE RELIABLE BANK Member FDIC Jamestown, Incorporated 519 Main Street Account Holder: Beginning Balance July 1, 2024 Watonga, OK 73772 Deposits and Credits Account Number: Statement Date: Withdraws and Debits 2252790471 July 31, 2024 Daily Balance July 31, 2024 $7,750 Number 3 Total $6,010 Deposits and Credits: Number 7 Withdraws and Debits Total $5,135 $8,625 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 $8,6251 7/31 $5,135 Description: $6,010 DEP Customer deposit INT Interest earned SF Service fees 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: a. 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. b. Check #533 is correctly processed by the bank. c. 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. Required 1 Required 2 Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. (Amounts to be deducted should b- indicated with a minus sign.) JAMESTOWN, INCORPORATED Bank Reconciliation Bank's Cash Balance Per bank statement Deposits outstanding Checks outstanding July 31, 2024 3,420 Per general ledger Company's Cash Balance Interest received. NSF check from customer EFT for office supplies Service fees, Company error Bank balance per reconciliation $ 3,420 Company balance per reconciliation $ 0 Required 1 Required 2 > Required 1 Required 2 Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal En Required" in the first account field.) View transaction list View journal entry worksheet No Transaction 1 Cash Interest Revenue General Journal Debit Credit