View Policies Current Attempt in Progress 1 2 On July 31, 2020, Swifty Company had a cash balance per books of $6,166,10 The statement from Dakota State Bank on that date showed a balance of $7,725.90. A comparison of the bank statement with the Cash account revealed the following facts. The bank service charge for July was $25. The bank collected $1,540 for Keeds Company through electronic funds transfer. The July 31 receipts of $1,222.00 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $371 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $317. Checks outstanding on July 31 totaled $1,897.80. On July 31, the bank statement showed an NSF charge of $577 for a check received by the company from W. Krueger, a customer, on account 3 4 5. 6. Prepare the bank reconciliation as of July 31. lists that increase cash balance first round answers to 2 decimal places, 1,245.25) SWIFTY COMPANY Bank Reconciliation 4