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On July 31, 2025, Carla Vista Company had a cash balance per books of $6,335.00. The statement from Dakota State Bank on that date showed a balance of $7,885.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2 3. 4. 5. 6. The bank service charge for July was $19.00. The bank collected $1.715.00 from a customer for Carla Vista Company through electronic funds transfer. The July 31 receipts of $1,394.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00. Checks outstanding on July 31 totaled $2,046.10. On July 31, the bank statement showed an NSF charge of $770.00 for a check received by the company from W. Krueger, a customer, on account.

On July 31, 2025, Carla Vista Company had a cash balance per books of $6,335.00. The statement from Dakota State Bank on that date showed a balance of $7,885.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2 3. 4. 5. 6. The bank service charge for July was $19.00. The bank collected $1.715.00 from a customer for Carla Vista Company through electronic funds transfer. The July 31 receipts of $1,394.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00. Checks outstanding on July 31 totaled $2,046.10. On July 31, the bank statement showed an NSF charge of $770.00 for a check received by the company from W. Krueger, a customer, on account.

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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On July 31, 2025, Carla Vista Company had a cash balance per books of $6,335.00. The statement from Dakota State Bank on that date showed a balance of $7,885,80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2. 3. 4. 5. 6. The bank service charge for July was $19.00. The bank collected $1.715.00 from a customer for Carla Vista Company through electronic funds transfer. The July 31 receipts of $1,394,30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00. Checks outstanding on July 31 totaled $2,046.10. On July 31, the bank statement showed an NSF charge of $770.00 for a check received by the company from W. Krueger, a customer, on account.
Transcribed Image Text:On July 31, 2025, Carla Vista Company had a cash balance per books of $6,335.00. The statement from Dakota State Bank on that date showed a balance of $7,885,80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2. 3. 4. 5. 6. The bank service charge for July was $19.00. The bank collected $1.715.00 from a customer for Carla Vista Company through electronic funds transfer. The July 31 receipts of $1,394,30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00. Checks outstanding on July 31 totaled $2,046.10. On July 31, the bank statement showed an NSF charge of $770.00 for a check received by the company from W. Krueger, a customer, on account.
Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, List all debit entries before credit entries. Round answers to 2 decimal places, e.g. 2,525.25.) Date Account Titles and Explanation July 31 July 31 (To record electronic funds transfer) July 31 (To record NSF check) July 31 (To correct error in recording check) (To record bank service charge) Debit Credit DO D
Transcribed Image Text:Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, List all debit entries before credit entries. Round answers to 2 decimal places, e.g. 2,525.25.) Date Account Titles and Explanation July 31 July 31 (To record electronic funds transfer) July 31 (To record NSF check) July 31 (To correct error in recording check) (To record bank service charge) Debit Credit DO D
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