Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank...
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Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation July 31, 2022 Cash balance per bank statement Add : Deposits in transit Less : Outstanding checks Cash balance per books Adjusted cash balance per bank + Add : Electronic funds transfer received Less: Bank service charge Adjusted cash balance per books + + $ $ $ $ + 8,538 3,910 12,448 712 i 11,736 8,574 3,226 11,800 64 i 11,736 plicat to gr for ooke ked od an g nee hent (b) Prepare a tabular analysis for the adjustments at July 31 on the books of Cullumber Company. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) July 31 31 Cash eTextbook and Media Assets + Accts. Rec. = Liabilities + Rev. Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation July 31, 2022 Cash balance per bank statement Add : Deposits in transit Less : Outstanding checks Cash balance per books Adjusted cash balance per bank + Add : Electronic funds transfer received Less: Bank service charge Adjusted cash balance per books + + $ $ $ $ + 8,538 3,910 12,448 712 i 11,736 8,574 3,226 11,800 64 i 11,736 plicat to gr for ooke ked od an g nee hent (b) Prepare a tabular analysis for the adjustments at July 31 on the books of Cullumber Company. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) July 31 31 Cash eTextbook and Media Assets + Accts. Rec. = Liabilities + Rev.
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The statement will be prepared as follows Cash balance as per B... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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