Lisa Lansbury Company deposits all receipts and makes all payments by check. The following information is...
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Lisa Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $22,400 Add: Deposits in transit 4,928 Deduct: Outstanding checks (6,400 ) Balance per books $20,928 Month of July Results Per Bank Per Books Balance July 31 $27,680 $29,600 July deposits 14,400 18,592 July checks 12,800 9.920 July note collected (not included in July deposits) 4,800 July bank service charge 48 July NSF check from a customer, returned by the bank (recorded by bank as a charge) 1,072 (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. Outstanding checks from the June reconciliation cleared the bank in July. LISA LANSBURY COMPANY Bank Reconciliation e TexthonkandModi %24 %24 %24 %24 Lisa Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $22,400 Add: Deposits in transit 4,928 Deduct: Outstanding checks (6,400 ) Balance per books $20,928 Month of July Results Per Bank Per Books Balance July 31 $27,680 $29,600 July deposits 14,400 18,592 July checks 12,800 9.920 July note collected (not included in July deposits) 4,800 July bank service charge 48 July NSF check from a customer, returned by the bank (recorded by bank as a charge) 1,072 (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. Outstanding checks from the June reconciliation cleared the bank in July. LISA LANSBURY COMPANY Bank Reconciliation e TexthonkandModi %24 %24 %24 %24
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A 1 Lisa Lansbury Company 2 Bank Reconciliation 3 Jul31 4 Balance per bank statement July 31 ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Posted Date:
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