The following information for SPI-W Inc. is in regard to the cash account:

Cash
Balance, June 30 $10,100
Deposits During June $39,600	Cheques Written $40,000

The bank statement for SPI-W for June is as follows:

Bank Balance, June 30 $10,100

Add: Deposits (July) $37,400

$47,500

Less: Cheques ($38,500)

NSF cheques ($140)

Bank Fees ($60) ($38,700)

Balance (7/31) $8,800

Comparing accounting system records to Bank Statements the following is provided:

	June 30	July 31
Outstanding Cheques	$550	$2,050
Deposits in Transit	$900	$3,100

1. Prepare a bank reconciliation report for July.
2. What is the amount reported for cash on the statement of financial position at July 31, 2022.
3. Identify the five elements of internal control.