b$.$ Prepare a tabular analysis for the adjustments at July $31$ on the

books of Lance Company. Use the following column headings:

Cash, Accounts Receivable, Revenues, and Expenses. Include

margin explanations for the changes in revenues and expenses.

E$5\mathrm{.}8($LO $3),$ AP The following information pertains to Lance

Company.

Cash balance per bank, July $31,$$$7,328.$

July bank service charge not recorded by the depositor $$38.$

Cash balance per books, July $31,$$$7,364.$

Deposits in transit, July $31,$ $$2,700.$

$$2,016$ collected on customer account for Lance Company in

July by the bank through electronic funds transfer. The

collection has not been recorded by Lance Company.

Outstanding checks, July $31,$$$686.$

Instructions

a$.$ Prepare a bank reconciliation at July $31,2027.$

b$.$ Prepare a tabular analysis for the adjustments at July $31$ on the

books of Lance Company. Use the following column headings:

Cash, Accounts Receivable, Revenues, and Expenses. Include

margin explanations for the changes in revenues and expenses.

Prepare bank reconciliation and adjustments.