tracyleerich
Feb 26, 2009, 10:29 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?
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?