The following information is for Neopolitan Ltd. in July:

1. Cash balance per bank, July 31, $8,833

2. Cash balance per books, July 31, $7,190

3. Bank service charge, $24

4. Deposits in transit, $1,575

5. Electronic receipts from customers in payment of their accounts, $883, not previously recorded by the company

6. Outstanding cheques, $2,449

7. Cheque #373 was correctly written and recorded by the company as $672. The bank deducted $762 from the company's account in error. The cheque was written for the purchase of office supplies.

Instructions

(a) Prepare the bank reconciliation at July 31.

(b) Prepare any adjusting journal entries required from the reconciliation.