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Exercise 218 (Part Level Su The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. Bank service charges for July amounted to $38. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 1. 2. 3. 4. 5. An NSF check for $320 from a customer was returned with the statement.

Exercise 218 (Part Level Su The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. Bank service charges for July amounted to $38. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 1. 2. 3. 4. 5. An NSF check for $320 from a customer was returned with the statement.

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter4: Internal Control And Cash
Section: Chapter Questions
Problem 44E
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Exercise 218 (Part Level Submission) The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. 1. 2. 3. Bank service charges for July amounted to $38. 4. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 5. An NSF check for $320 from a customer was returned with the statement. (a) Prepare a bank reconciliation for July 31. BLOSSOM COMPANY Bank Reconciliation $4 el ly. %24 %24 %24 %24 %24
Transcribed Image Text:Exercise 218 (Part Level Submission) The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. 1. 2. 3. Bank service charges for July amounted to $38. 4. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 5. An NSF check for $320 from a customer was returned with the statement. (a) Prepare a bank reconciliation for July 31. BLOSSOM COMPANY Bank Reconciliation $4 el ly. %24 %24 %24 %24 %24
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