Test 3 - ChaptX mheducation.com/ext/map/index.html?_con-con&external_browser-O&launchurl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity question Eers 5&7 Saved Help Save & Ex Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed, its Cash account showed a $10,901 debit balance. However, Kesler's July 31 bank statement showed only $10,023 on deposit in the bank on that day along with the following information. a. Outstanding cheques, $2,741. b. Included with the July cancelled cheques returned by the bank was a $58 debit memo for bank services. c Cheque #919, returned with the cancelled cheques, was correctly drawn for $125 in payment of the utility bill and was paid by the bank on July 15. However, it had been recorded with a debit to Utilities Expense and a credit to Cash as though it were for $215. d. The July 31 cash receipts, $3,651, were placed in the bank's night depository after banking hours on that date and were unrecorded by the bank at the time the July bank statement was prepared, Required: a. Prepare a bank reconciliation for Kesler Co. at July 31. KESLER CO Bank Reconciliation July 31, 2020 Company's Books Book balance of cash Add: Bank Statement Bank statement balance Add: $ 0 $ 0 Deduct: Deduct: Austed bank balance Adjusted book balance