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tracyleerich
Feb 26, 2009, 09:29 AM
The following information is available for use in reconciling the bank account for July:

a.Cash balance according to the depositor's records at July 31, $10,840.82
b.Cash balance according to the bank statement at July 30, $9,675.24
c.Bank service charges, $34
d.Outstanding checks at July 31, $1,452.40
e.A deposit for $876.20 was erroneously credited to the depositor's account by the bank for $87.62
f.Customer's NSF check returned by the bank, $45.20
g.Deposit in transit at July 31, $1,840.20
h.A check written for $230 in payment of an account payable was incorrectly recorded by the depositor for $320

(1)Prepare a bank reconciliation.
(2)Prepare any necessary entries in the depositor's records.
(3)What is the balance in the cash account after the entries are recorded?

pready
Mar 1, 2009, 11:03 AM
Do your work first, then if you have a question we will try to help you.