irang ils bank reconciliation for the month of July Balance per books July 31 S 25,312 Balance per bank statement July 31 $ 26,772 Checks written in July but still outstanding $3,650. Deposits of July 31 not yet recorded by bank $2,820. Check No. 705 for $350 was correctly issued and paid by bank but was recorded as $530 in the cash payments journal. Bank commission charge for July was $82. The bank collected a note receivable for the company of $1,600 plus $117 interest revenue. NSF check of customer returned by bank $285. Jessica deposited $2,150 into the bank and properly recorded it in Cash at Bank accounts but the bank credited this amount cructions nare a bank reconciliation at July 31.
irang ils bank reconciliation for the month of July Balance per books July 31 S 25,312 Balance per bank statement July 31 $ 26,772 Checks written in July but still outstanding $3,650. Deposits of July 31 not yet recorded by bank $2,820. Check No. 705 for $350 was correctly issued and paid by bank but was recorded as $530 in the cash payments journal. Bank commission charge for July was $82. The bank collected a note receivable for the company of $1,600 plus $117 interest revenue. NSF check of customer returned by bank $285. Jessica deposited $2,150 into the bank and properly recorded it in Cash at Bank accounts but the bank credited this amount cructions nare a bank reconciliation at July 31.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Transcribed Image Text:Jossica Corp. used the following information in recording itn bank reconcilistion for the month of July
Balance per books July 31
$ 25,312
Balance per bank statement July 31
$ 26,772
(1)
Checks written in July but still outstanding $3,650.
(2)
Deposits of July 31 not yet recorded by bank $2,820.
(3)
Check No. 705 for $350 was correctly issued and paid by bank but was recorded as $530 in the cash payments journal.
(4)
Bank commission charge for July was $82.
(5)
The bank collected a note receivable for the company of $1,600 plus $117 interest revenue.
(6)
NSF check of customer returned by bank $285.
(7)
Jessica deposited $2,150 into the bank and properly recorded it in Cash at Bank accounts but the bank credited this amount for only $1,250.
Instructions
Prepare a bank reconciliation at July 31.
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