The cash records and bank statement for the month of July for Jamestown, Incorporated are shown below. JAMESTOWN, INCORPORATED Cash Account Records i July 1, 2024, to July 31, 2024 Cash Balance Cash Balance Cash July 31, July 1, 2024 Receipts Cash Disbursements 2024 $6,910 + $8,270 $8,460 $6,720 Cash Receipts Cash Disbursements Description Amount Memo Date: 7/7 Description EFT Sales $2,510 Rent Sales 3,090 7/12 Salaries. EFT DC Sales 2,670 7/19 7/22 CHK number 531 Equipment Utilities Advertising 7/30 CHK number 532 $8,270 FIDELITY UNION You Can Bank On Us Jamestown, Incorporated. 519 Main Street Account Number: Gotebo, OK 73041 Statement Date: Total Withdrawals and Debits Number Total 7 $8,045 Withdrawals and Debits $5,645 Number Amount Description A530 $540 CHK 1,450 EFT 1,910 EFT 350 NSF 3,300 DC 450 EFT 45 ST $8,045 Date 7/9 7/21 7/31 P.O. Box 123878 Gotebo, OK 73041 (580) 377-OKIE Account Holder: Beginning Balance July 1, 2024 $7,450 Deposits and Credits: Number Deposits and Credits Date Amount Description Date 7/10 $2,510 DEP 7/2 3,090 DEP 7/10 7/22 7/31 45 INT 7/14 7/18 7/22 7/26 7/30 $5,645 Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer DC Debit card Amount $1,450 1,910 3,000 850 1,250 $8,460 Member FDIC 2252790471 July 31, 2024 Ending Balance July 31, 2024 $5,050 Daily Balance Date Amount 7/2 $6,910 7/10 7,970 7/14 6,060 7/18 5,710 7/22 5,500 7/26 5,050 7/30 5,005 7/31 $5,050 Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to check number 530, which is outstanding as of June 30, 2024. b. The debit card transaction for the purchase of equipment on 7/19 is correctly processed by the bank. c. The EFT on July 26 in the bank statement relates to the purchase of office supplies. Required: 1. Prepare a bank reconciliation for Jamestown's checking account on July 31, 2024. 2. Record the necessary cash adjustments. Required 1 Required 2 Prepare a bank reconciliation for Jamestown's checking account on July 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.) JAMESTOWN, INCORPORATED Bank Reconciliation July 31, 2024 Bank's Cash Balance Company's Cash Balance Per bank statement Bank balance per reconciliation Per general ledger Company balance per reconciliation Required 2 > Required 1 Journal entry worksheet > Journal entry worksheet 1 2 Record the entries that decrease cash. Note: Enter debits before credits. Transaction 2 Record entry General Journal Clear entry Debit Credit View general journal