The following is a bank reconciliation for Usman company as of July 31.- Balance per bank statement, July 31 7,874 Add: Deposit in transit 5,768 13,642 Less: Outstanding checks 6,034 Adjusted balance, July 31 7,608 Balance per ledger, July 31 7,652 Add: Error correction* 146 7,798 Less: NSF check 120 190 Service and collection charges 70 Adjusted balance, July 31 7,608 * misrecorded payment on account Prepare the journal entry or entries needed to adjust or correct the Cash account. * misrecorded payment on account Prepare the journal entry or entries needed to adjust or correct the Cash account. Date Description July 31 July 31 Debit Credit