Jackman Company's general ledger shows a cash account balance of $23,310 on July 31, 2024. Cash sales of $1,867 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $53 and an NSF check from a customer of $330. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,520. The bank statement shows a balance of $22,580 on July 31.

Required:

 

Make balance sheet for all entries.

 

Record the necessary entry(ies) to adjust the balance for cash.

Answer rating: 100% (QA)

To adjust the balance for cash based on the information provided we need to consider the cash sales ... View the full answer