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(a) Your answer is sarrect Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. Outstanding checks from the June reconciliation cleared the bank in July

(a) Your answer is sarrect Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. Outstanding checks from the June reconciliation cleared the bank in July

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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Michelle Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records June 30 Bank Reconciliation Balance per bank $36,400 Add Deposits in transit 8,008 Deduct: Outstanding checks (10.400) Balance per books $34,008 Month of July Results Per Bank Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge $44.980 Per Books $48.100 23,400 30.212 20.800 16,120 7.800 78 July NSF check from a customer, returned by the bank (recorded by bank as a chargel 1742 (a) Your answer is correct Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance, Outstanding checks from the June reconciliation cleared the bank in July
Transcribed Image Text:Michelle Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records June 30 Bank Reconciliation Balance per bank $36,400 Add Deposits in transit 8,008 Deduct: Outstanding checks (10.400) Balance per books $34,008 Month of July Results Per Bank Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge $44.980 Per Books $48.100 23,400 30.212 20.800 16,120 7.800 78 July NSF check from a customer, returned by the bank (recorded by bank as a chargel 1742 (a) Your answer is correct Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance, Outstanding checks from the June reconciliation cleared the bank in July
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