Exercise 7-34 (Static) Bank reconciliation and adjusting entries [Appendix 7A] Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2021 bank statement included the following information. The company's general ledger account had a balance of $38,918 at the end of July. Deposits outstanding totaled $6,300 and all checks written by the company were processed by the bank except for those totaling $8,420. In addition, a $2,000 July deposit from a credit customer was recorded as a $200 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a \$30 disbursement was incorrectly processed by the bank as a $300 disbursement. Required: 1. Prepare a bank reconcitiation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account