Exercise 7-11 Preparation of bank reconciliation LO6 CHECK FIGURE: 1, Adjusted book balance =$10,592 The bank reconciliation prepared by Winfield Construction on June 30,2020 , appeared as follows: The Cash account in the general ledger appeared as follows on July 31: A list of deposits made and cheques written during July, taken from the cash receipts journal and cash disbursements journal, is shown below: The following bank statement is available for July: In reviewing cheques returned by the bank, the bookkeeper noted that cheque \#96 written by Winburn Construction in the amount of $391 was charged against Winfield's account in error by the bank. The NSF cheque was regarding a customer account, Jim Anderson. Required 1. Prepare a bank reconciliation at July 31 . 2. Prepare the necessary journal entry to bring the general ledger Cash account into agreement with the adjusted balance on the bank reconciliation. Analysis Component: If the journal entries in Part 2 were not recorded, what financial statement elements (profit, assets, liabilities, and equity) would be over- or understated 
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