Question: Problems Set A 6A-1. Denim.com received a bank statement from Waldorf Bank indicating a bank balance of $7,900. Based on Denim.com's check stubs, the ending
Problems Set A 6A-1. Denim.com received a bank statement from Waldorf Bank indicating a bank balance of $7,900. Based on Denim.com's check stubs, the ending checkbook balance was $8,974. Your task is to prepare a bank reconciliation for Denm.com as of July 31, 201 ?, from the following information (journalize entries as needed): a. Checks outstanding: no. 122, $850; no. 130, $640. b. Deposits in transit, $2,300. c. Denim.com forgot to record a $1,200 equipment purchase made with a debit card. d. Bank service charges, $50. e. Waldorf Bank collected a note for Denim.com, $1,000, less a $14 collec- tion fee
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