The July cash records of Fitzgerald, Inc., follow:Fitzgerald’s Cash account shows the balance of $6,078 on July 31. On July 31, Fitzgerald received the following bank statement:Additional data for the bank reconciliation:a. The EFT deposit was a receipt of rent revenue. The EFT debit was payment of insurance expense.b. The NSF check was received from a customer.c. The $1,300 bank collection was for a note receivable.d. The correct amount of check number 1419 is $218. Fitzgerald, Inc., mistakenly recorded the check for $128.Requirement1. Prepare Fitzgerald, Inc.’s bank reconciliation on July31.
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The July cash records of Fitzgerald Inc follow

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