Question: Current Attempt in Progress 1. 2 On July 31, Sandhill Ltd. had a cash balance of $12.690 in its general ledger. The bank staternent from

 Current Attempt in Progress 1. 2 On July 31, Sandhill Ltd.
had a cash balance of $12.690 in its general ledger. The bank
staternent from the Caisse Populaire on that date showed a balance of

Current Attempt in Progress 1. 2 On July 31, Sandhill Ltd. had a cash balance of $12.690 in its general ledger. The bank staternent from the Caisse Populaire on that date showed a balance of $21,412. A comparison of the bank statement with the Cash account revealed the following: The bank statement included service charges and debit and credit card processing fees of $108. The bank statement included electronic collections from customers on account totalling $5,170. Sandhill had not recorded the EFT A deposit of $3,020 made by another company was incorrectly added to Sandhill's account by the Caisse Populaire 4 Salaries of $4,080 were paid electronically during the month. The company has already recorded these Cheques outstanding on June 30 totalled $2,730. Of these, $2,090 worth cleared the bank in July, All cheques written in July cleared the bank in July 3. 5. (a) med en enteducation wley.com/w/assessment playet/index.htmonchid-1-347463112564586163193 Maps Xw20302 bibe LUS Assignment 6. Chapters 7 & 8 Question 4 of 10 3.57/10 Your answer is partially correct Prepare the bank reconciliation at July 31. (List Items that decrease balance as per bank & boots first) SANDHILL LTD. Bank Reconciliation July 31 S Dettek o 4 00 00 5 7 9 3 2 VA 3 12 1 O Y R T P 1 CE F G D H L S

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!