Exercise 7-24Barbara Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.June 30 Bank ReconciliationBalance per bank $12,600 Add: Deposits in transit 2,772 Deduct: Outstanding checks (3,600)Balance per books $11,772 Month of July Results Per Bank Per BooksBalance July 31 $15,570 $16,650July deposits 8,100 10,458July checks 7,200 5,580July note collected (not included in July deposits) 2,700 July bank service charge 27 July NSF check from a customer, returned by the bank (recorded by bank as a charge) 603 Your answer is partially correct. Try again. Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.BARBARA LANSBURY COMPANYBank ReconciliationJuly 31select an opening name for section one $enter a dollar amount select between addition and deduction :select a reconciling item enter a dollar amount select between addition and deduction :select a reconciling item enter a dollar amount select a closing name for section one $enter a total amount for section one select an opening name for section two $ select between addition and deduction :select a reconciling item enter a dollar amount select between addition and deduction : select a reconciling item $enter a dollar amount select a reconciling item enter a dollar amount enter a subtotal of the two previous amounts select a closing name for section two $enter a total amount for section two Show List of AccountsLink to Text Your answer is partially correct. Try again. Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)Account Titles and ExplanationDebitCreditenter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount Click if you would like to Show Work for this question:Open Show Work

Deposit in transit: July deposits per books 10,458 July deposits per bank 8,100 less:…

Answered: Barbara Lansbury Company deposits all…

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Internal Control And Cash

Section: Chapter Questions

Problem 7.18EX

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Exercise 7-24

Barbara 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	$12,600
Add: Deposits in transit	2,772
Deduct: Outstanding checks	(3,600	)
Balance per books	$11,772

Month of July Results
	Per Bank	Per Books
Balance July 31	$15,570	$16,650
July deposits	8,100	10,458
July checks	7,200	5,580
July note collected (not included in July deposits)	2,700
July bank service charge	27
July NSF check from a customer, returned by the bank (recorded by bank as a charge)	603


	Your answer is partially correct. Try again.

Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

BARBARA LANSBURY COMPANY Bank Reconciliation July 31
select an opening name for section one

select between addition and deduction
				$enter a dollar amount

:	select a reconciling item

select between addition and deduction
				enter a dollar amount

:	select a reconciling item

select a closing name for section one
				enter a dollar amount

select an opening name for section two
				$enter a total amount for section one

select between addition and deduction
				$

:	select a reconciling item

select between addition and deduction
				enter a dollar amount

:
	select a reconciling item

		$enter a dollar amount
	select a reconciling item

select a closing name for section two
		enter a dollar amount
					enter a subtotal of the two previous amounts

				$enter a total amount for section two

Show List of Accounts

Link to Text


	Your answer is partially correct. Try again.

Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount

Click if you would like to Show Work for this question:

Open Show Work

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