The following information pertains to Lance Company$\mathrm{.}1.$ Cash balance per bank, July $31,$ $$7,328\mathrm{.}2.$ July bank service charge not recorded by the depositor

$$38\mathrm{.}3.$ Cash balance per books, July $31,$ $$7,364\mathrm{.}4.$ Deposits in transit, July $31,$ $$2,700\mathrm{.}5.$ $$2,016$ collected for Lance Company in July by the bank

through electronic funds transfer. The collection has not been

recorded by Lance Company$\mathrm{.}6.$ Outstanding checks, July $31,$ $$686.$ Instructions$($a$)$ Prepare a bank reconciliation at July $31,2017.($b$)$ Journalize the adjusting entries at July $31$ on the books of

Lance Company.