The following information is available for Park Valley Spa for July Year 1: BANK STATEMENT STATE BANK
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Question:
The following information is available for Park Valley Spa for July Year 1:
BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 | ||||||||||
Park Valley Spa 10 Main Street Bolta Vista, NV 10001 | Account number 12-4567 July 31, Year 1 | |||||||||
Beginning balance 6/30/Year 1 | $ | 9,990 | ||||||||
Total deposits and other credits | 29,807 | |||||||||
Total checks and other debits | 22,529 | |||||||||
Ending balance 7/31/Year 1 | 17,268 | |||||||||
Checks and Debits | Deposits and Credits | |||||||||
Check No. | Amount | Date | Amount | |||||||
2350 | $ | 3,766 | July | 1 | $ | 1,101 | ||||
2351 | 1,649 | July | 10 | 6,498 | ||||||
2352 | 8,002 | July | 15 | 4,928 | ||||||
2354 | 1,402 | July | 21 | 6,174 | ||||||
2355 | 6,189 | July | 26 | 5,967 | ||||||
2357 | 1,503 | July | 30 | 2,088 | ||||||
DM | 18 | CM | 3,051 | |||||||
The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1:
Date | Check No. | Amount of Check | Date | Amount of Deposit | |||||||
July | 2 | 2351 | $ | 1,649 | July | 8 | $ | 6,498 | |||
July | 4 | 2352 | 8,002 | July | 14 | 4,928 | |||||
July | 10 | 2353 | 2,891 | July | 21 | 6,174 | |||||
July | 10 | 2354 | 1,402 | July | 26 | 5,967 | |||||
July | 15 | 2355 | 6,189 | July | 29 | 2,088 | |||||
July | 20 | 2356 | 72 | July | 30 | 3,547 | |||||
July | 22 | 2357 | 1,503 | ||||||||
Other Information
- Check no. 2350 was outstanding from June.
- The credit memo was for collection of notes receivable.
- All checks were paid at the correct amount.
- The debit memo was for printed checks.
- The June 30 bank reconciliation showed a deposit in transit of $1,101.
- The unadjusted Cash account balance at July 31 was $14,819.
Required:
a. Prepare the bank reconciliation for Park Valley Spa at the end of July.
Complete this question by entering your answers in the tabs below.
- Required A
Prepare the bank reconciliation for Park Valley Spa at the end of July.
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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