Question 7 of 7

Question 7 of 7 View Policies Current Attempt in Progress T he cash Of Cheyenne co. Showed a ledger balance Of 14.88383 on June 30.2020. The bank Statement as Of that date Showed a balance Of 15.770. Upon comparing the Statetnent With the cash records. the following facts Were determined. 2. 3. 5. 6. There Were bank service charges for June Of 95 A bank memo Stated that gao Dai's note for 4.560 and interest Of 13680 been collected on June 29, and the bank had made a Charge Of 2090 on the collection. (NO entry had been made on books Bao Dai's note WAS Sent to the bank for collection.) Receipts for June 30 for 12,882 Were not deposited until July 2 _ Checks outstanding on June 30 totaled S g, 116.99. The bank had Charged the Cheyenne co's account for a customer's uncollectible Check amounting to S 962.16 on June 29. A customer's Check for S 342 on the customer's Accounts Receivable) been entered as 228 in the cash receipts journal by Cheyenne on June 15 Check no. 742 in the Of 491 had been entered in the cash journal as 419. and Check no. 747 in the amount Of 221.16 had been entered as 2211.60. goth Checks had been issued to gay for purchases and Were paytnents on Accounts Payable. Prepare a bank reconciliation dated June 30.2020. proceed ing to a correct cash balance. 2 CHEYENNE CO. Bank Reconciliation