Bank reconciliation and required entries for Starfish Inc .; for the month of July 2020. Data: Related
Question:
Bank reconciliation and required entries for Starfish Inc .; for the month of July 2020.
Data: Related to the BPPR
1. Balance in the bank as of June 30 $ 30,691.50
2. Recognized deposits $ 98,000
3. Collections by the bank for Castillo $ 3,255. Of this amount, $ 105 represents the interest earned on the note for Castillo.
4. Checks paid in total $ 109,025.
5. Bank charges $ 94.50
6. You must calculate the balance as of July 31 of the bank, with the given data. Point.
Castle Data
1. Balance as of June 30 according to books $ 30,975.
2. Deposits during June $ 108,500
3. Checks made during June $ 111,422.50
Other information:
1. Deposits in transit July $ 10,500
2. Checks in circulation $ 2,975.
3. Cash on hand at $ 861.00
Prepare:
1. Prepare the bank reconciliation
2. Required wage entries
