Question

The July cash records of Fitzgerald, Inc., follow:


Fitzgerald’s Cash account shows the balance of $6,078 on July 31. On July 31, Fitzgerald received the following bank statement:


Additional data for the bank reconciliation:
a. The EFT deposit was a receipt of rent revenue. The EFT debit was payment of insurance expense.
b. The NSF check was received from a customer.
c. The $1,300 bank collection was for a note receivable.
d. The correct amount of check number 1419 is $218. Fitzgerald, Inc., mistakenly recorded the check for $128.

Requirement
1. Prepare Fitzgerald, Inc.’s bank reconciliation on July31.


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  • CreatedApril 29, 2014
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