The cash records and bank statement for the month of July for Jim Incorporated are shown below.
Question:
Additional information:
a. The difference in the beginning balances in the companys records and the bank statement relates to check #530, which is outstanding as of June 30, 2015.
b. Check #533 is correctly processed by the bank.
c. The EFT on July 26 relates to the purchase of office supplies.
Required:
1. Prepare a bank reconciliation for Glovers checking account on July 31, 2015.
2. Record the necessary cashadjustments.
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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