please explain the step by step process

1. On July 31, 2020, Ivanhoe Company had a cash balance per books of $6,255.00. The statement from Dakota State Bank on that date showed a balance of $7,805.80. A comparison of the bank statement with the Cash account revealed the following facts. The bank service charge for July was $22.00 2. The bank collected $1,635 for Ivanhoe Company through electronic funds transfer. 3. The July 31 receipts of $1,311.30 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 $374.00 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $347.00. 5. Checks outstanding on July 31 totaled $1,966.10. 6. On July 31, the bank statement showed an NSF charge of $690.00 for a check received by the company from W. Krueger, a customer, on account. 4. Bank Reconciliation July 31, 2020 Cash balance per bank statement Add Deposits in transit Less : Outstanding checks Adjusted cash balance per bank $ Cash balance per books $ Add >