The following information pertains to Moon designing Company. Cash balance per bank, July 31, $8,000. July bank service charge not recorded by the depositor $37. Cash balance per books, July 31, $8,021. Deposits in transit, July 31, $1,500. Bank collected $900 note for Moon in July, plus interest $36, less fee $20. The collection has not been recorded by Moon, and no interest has been accrued. Outstanding checks, July 31, $600. Required Prepare a bank reconciliation at July 31.Journalize the adjusting entries at July 31 on the books of Moon designing Company.

Bank Reconciliation statement is a statement which reconciles the cash balance as per cash book and…

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College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 1CP

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The following information pertains to Moon designing Company.

Cash balance per bank, July 31, $8,000.

July bank service charge not recorded by the depositor $37.

Cash balance per books, July 31, $8,021.

Deposits in transit, July 31, $1,500.

Bank collected $900 note for Moon in July, plus interest $36, less fee $20. The collection has not been recorded by Moon, and no interest has been accrued.

Outstanding checks, July 31, $600.

Required

Prepare a bank reconciliation at July 31.

Journalize the adjusting entries at July 31 on the books of Moon designing Company.

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