Question: (b) Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction

 (b) Prepare a tabular analysis for the necessary adjustments at July31. Include margin explanations for the changes in revenues and expenses. (If

(b) Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Accts. Rec. Accts. Pay. Cash + + Rev. July 31 31 31 31 Bank Reconciliation July 31, 2022 Cash balance per bank statement 7,810.8 Add Deposits in transit 1,319.3 9,130.1 Less Outstanding checks 1,989.1 i Adjusted cash balance per bank $ 7,141 Cash balance per books $ 6,260 Add Electronic funds transfer received 1,640 7.900 Less 4 Bank service charge . 19 NSF check 695 Error in recording check No. 2480 45 i 759 i Adjusted cash balance per books $ 7,141

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!