Question: can you make a chart or answer part a and be! BONUS I (9 points): The following information pertains to Family Video Company: 1. Cash
BONUS I (9 points): The following information pertains to Family Video Company: 1. Cash balance per bank, July 31, $7,263. 2. July bank service charge not recorded by the depositor $28. 3. Cash balance per books, July 31, $7,284. 4. Deposits in transit, July 31, $1,500. 5. Bank collected $900 note for Family in July, plus interest $36, less fee of $20. The collection has not been recorded by Family, and no interest has been accrued 6. Outstanding checks, July 31, $591. Instructions: (a) Prepare a bank reconciliation at July 31. (b) Journalize the adjusting entries at July 31 on the books of Family Video Company
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
