Question: please complete the table and I need the correct answers for the table below Jackman Companys general ledger shows a cash account balance of $23,340
please complete the table and I need the correct answers for the table below
Jackman Companys general ledger shows a cash account balance of $23,340 on July 31, 2024. Cash sales of $1,887 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $43 and an NSF check from a customer of $360. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,560. The bank statement shows a balance of $22,610 on July 31.
Required:
1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024.
2. Record the necessary entry(ies) to adjust the balance for cash.
Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
| No | Date | General Journal | Debit | Credit |
|---|---|---|---|---|
| 1 | July 31, 2024 | No Journal Entry Requiredselected answer correct | ||
| 2 | July 31, 2024 | Service Fee Expenseselected answer correct | 43selected answer correct | |
| Accounts Receivableselected answer correct | ||||
| Cashselected answer correct |
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