# OBJECTIVE Problem 4-53.11 Bank Reconfirmation E Shortly after July 31, Morse CorporaLion received a bank statement containing the following information: Date | Checks | Deposits | Balance 6130 Bag. balance 3 2,958 711 $1,200 9,158 '112 5 620$ 550 $344 12.500 20,144 mwmm 7:3 35 8,100 12,009 '115 311 9'! 4.000 9.100 16,701 '1'!9 4,500 '1'90 286 11,125 ?112 34 ?.100 3,991 '1115 634 1.880 7.000 8,4'1'7 '1119 3,280 414 4,283 '1124 1,492 649 2,142 2129 350 61'?“ 4.620 5,735 ?131 5'15 18" 5,142 ’NSFched: “Bank service charge July for cash zransacLions and balances on Morse’s records are shown in the following T-account: Cash Balance. 6130$ 7.609 Amount Check Check C heck Check Date Deposited Number Amount Number Amount 1!} $12,500 [‘16$8,100 186 $1,880 715 9,100 1'17 9'." 13-; 634 7115 7,000 178 4,000 188 3, 780 7129 4.621] [‘19 31 1 189 649 7131] 2,050 180 '1, 100 190 1,492 Total deposits$35,220 181 4,500 191 31 182 “190 I92 350 183 34 193 5'15 184 286 194 22'1 185 414 195 1,123 Balance. 7131 $6,500 Total adjustment$36,379 Required: 1. Prepare a bank reconciliation for July. 2. Prepare the adjusting entries made by Morse Corporation as a result of 1111s reconciliation process. 3. What amount is reported as cash on the balance sheet at July 31?

### Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881

### Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
Publisher: Cengage Learning
ISBN: 9781337690881

#### Solutions

Chapter
Section
Chapter 4, Problem 58APSA
Textbook Problem

## Expert Solution

### Want to see the full answer?

Check out a sample textbook solution.See solution

### Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

See Solution

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.

Find more solutions based on key concepts
Show solutions
What is physical independence?

Database Systems: Design, Implementation, & Management

What is structural independence, and why is it important?

Database Systems: Design, Implementation, & Management

What is schema, and how is it used?

Fundamentals of Information Systems

What does CMM stand for?

Precision Machining Technology (MindTap Course List)

Explain the difference between average and instantaneous speed.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

What is an extranet and how is one used?

Principles of Information Systems (MindTap Course List)

6. How would you level DFDs?

Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)

The magnitude of the moment of the force P about the axis CD is 50lbin. Find the magnitude of P.

International Edition---engineering Mechanics: Statics, 4th Edition

Design flange-to-web welds for the girder of Problem 10.4-5. a. Use LRFD. b. Use ASD.

Steel Design (Activate Learning with these NEW titles from Engineering!)

Describe when you should use a database and when to use a spreadsheet.

Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)

FINANCIAL LEVERAGE EFFECTS The Neal Company wants to estimate next year's return on equity (ROE) under differen...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

What factors distinguish DSS from EIS?

Pkg Acc Infor Systems MS VISIO CD