25 4 points Skipped eBook Print References Problem 9.6A (Static) Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. LO 9-5, 9-6, 9-7 On August 1, 20X1, Sofia Marciano, the accountant for European Exports, downloaded the company's July 31, 20X1, bank statement from the bank's website. The balance shown on the bank statement was $29,810. The July 31, 20X1, balance in the Cash account in the general ledger was $14,687. Sofia noted the following differences between the bank's records and the company's Cash account in the general ledger: a. An electronic funds transfer for $15,100 from Mannheim Equipment, a customer located in Germany, was received by the bank on July 31. b. Check 1422 was correctly written and recorded for $1,020. The bank mistakenly paid the check for $1,200. c. The accounting records indicate that Check 1425 was issued for $69 to make a purchase of supplies. However, examination of the check online showed that the actual amount of the check was for $99. d. A deposit of $880 made after banking hours on July 31 did not appear on the July 31 bank statement. e. The following checks were outstanding: Check 1429 for $1,474 and Check 1430 for $126 f. An automatic debit of $487 on July 31 from CentralComm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records. Required: 1. Prepare a bank reconciliation for the firm as of July 31. 2. Record general journal entries for the Items on the bank reconcillation that must be journalized. Analyze: What was the effect on total expenses as a result of the general journal entries recorded? Complete this question by entering your answers in the tabs below. Bank Rec General Journal Analyze Prepare a bank reconciliation for the firm as of July 31, EUROPEAN EXPORTS Bank Reconciliation Statement Balance on bank statement Additions: July 31, 20X1