The following information pertains to Tim's DVD Company. 1. Cash balance per bank, July 31, $2,542. 2. July bank service charge not recorded by the depositor $10. 3. Cash balance per books, July 31, $2,549. 4. Deposits in transit, July 31, $825. 5. Bank collected $600 note for Tim's in July, plus interest $36, less fee $15. The collection has not been recorded by Tim's, and no interest has been accrued. 6. Outstanding checks, July 31, $207. Instructions (a) Prepare a bank reconciliation at July 31. (b) Journalize the adjusting entries at July 31 on the books of Tim's DVD Company.