On July $31,2020,$ Bonita Company had a cash balance per books of $$6,064.$ The statement from Dakota State Bank on that date showed a balance of $$7,743.$ 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 $$1,710$ for Bonita Company through electronic funds transfer.

The July $31$ receipts of $$1,278$ 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 $$384$ that cleared the bank in July was incorrectly entered as a cash payment on July $10$ for $$348.$

Checks outstanding on July $31$ totaled $$1,884.$

On July $31,$ the bank statement showed an NSF charge of $$576$ for a check received by the company from W$.$ Krueger, a customer, on account.

Instructions

a$.$ Prepare the bank reconciliation as of July $31.$

b$.$ Prepare the necessary adjusting entries at July $31.$