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?
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