The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July: 1. Cash balance according to the company's records at July 31, $28,590. 2. Cash balance according to the bank statement at July 31, $30,040. 3. Checks outstanding, $5,800. 4. Deposit in transit, not recorded by bank, $4,660. 5. A check for $480 issued in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit memo for service charges, $50. a. Prepare a bank reconciliation, using the format shown in Exhibit 12. Nakajima Co. Bank Reconciliation July 31 $ Cash balance according to bank statement Add deposit in transit, not recorded by bank Deduct outstanding checks Adjusted balance $ Cash balance according to company's records Add error in recording check $840 instead of $480 Deduct bank service charge Adjusted balance $ Feedback Check My Work b. If the balance sheet is prepared for Nakajima Co. on July 31, what amount should be reported for cash? $