The July bank statement of Blake's Hamburgers just arrived from Market Bank. To prepare the bank reconciliation, you gather the following additional data: (Click the icon to view the bank statement.) (Click the icon to view the data.) Requirements 1. Prepare the bank reconciliation for July 31. 2. Record the entries called for by the reconciliation. Include an explanation for each entry. ... Requirement 1. Prepare the bank reconciliation for July 31. Start by preparing the bank portion of the reconciliation and then complete the reconciliation by completing the book portion Blake's Hamburgers Bank Reconciliation July 31 BANK BOOKS Balance, July 31 Balance, July 31 Add: Add: Less: Less Adjusted bank balance, July 31 Adjusted book balance, July 31 Requirement 2. Record the entries called for by the reconciliation. Include an explanation for each entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by recording the EFT deposit. (Do not record the EFT deposit of rent revenue, this will be recorded in the next entry.) Journal Entry Accounts and Explanations Date Debit Credit Jul 31 Record the entry for the EFT rent collection. Journal Entry Accounts and Explanations Date Debit Credit Jul 31 Record the entry for the interest revenue. Journal Entry Accounts and Explanations Date Debit Credit Jul 31 Record the entry for NSF check #201. (Do not record NSF check number 998 at this time, this will be done in the next step.) Journal Entry Accounts and Explanations Date Debit Credit Jul 31 Record the entry for NSF check #998. Journal Entry Accounts and Explanations Date Debit Credit Jul 311 Record the entry for the service charge. Journal Entry Date Accounts and Explanations Debit Credit Jul 31 tep. Data table More info a. The following checks are outstanding on July 31: July Bank Statement: Bal, Jul 1 Deposits: $ 14,212 Check No. Amount 800 430 $ 600 EFT - rent EFT - deposit 80 400 15 802 806 34 1,015 Interest Checks 809 123 No Amount 810 224 807 650 808 400 1668 674 (1,724) Other Charges 811 43 b. On July 31, Blake's Hamburgers' treasurer deposited $372, but this deposit does not appear on the bank statement. c. The bank statement includes a $674 deduction for a check 1668 written by Mel's Boutique rather than Blake's Hamburgers. Blake's Hamburgers notified the bank of this bank error, d. Blake's Hamburgers' Cash account shows a balance of $12,600 on July 31. e. The EFT deposit for $600 was a collection of rent revenue and the EFT deposit for $400 was a collection on account. Service charge $ 19 NSF check #998 70 170 NSF check #201 (259) $ Bal, Jul 31 13,244 Print Done