VAUGHN COMPANY Bank Reconciliation July 31,2022 Cash Balance Per Bank Statement \( \$ \longdiv { 7 , 7 4 8 . 1 5 } \) Outstanding Checks Adlusted Cash Balance Per Bank Cash Balance Per Book Add v Electronic funds Transter Recelved ov 1.720 Less v: Bank Service Charge \begin{tabular}{|l|l|} \hline 13333 & 25 \\ \hline \end{tabular} NSF Check 576 Error in Recording Check No 2480 72 i Date Account Titles and Explanation Debit Credit July 31 (To record receipt of electronic funds transter) July 31 (To record NSF check) July 31 (To correct error in recording check) (To correct error in recording check) July 31 (To record bank service charge) On July 31, 2022, Vaughn Company had a cash balance per books of $6,132.05. The statement from Dakota State Bank on that date showed a balance of $7,748.15. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $25. 2. The bank collected $1,720.00 for Keeds Company through electronic funds transfer. 3. The July 31 receipts of $1,297.50 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $391 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $319. 5. Checks outstanding on July 31 totaled $1,866.60. 6. On July 31, the bank statement showed an NSF claarge of $576.00 for a check recelved by the company from W Krueger, a customer, on account