Question: solve please 1 A company general ledger shows a checking account balance of $22.930 on July 31 Year 1. The July cash receipts of $1,845.

1 A company general ledger shows a checking account balance of $22.930 on July 31 Year 1. The July cash receipts of $1,845. Included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $51. The bank processes all checks written by the company by July 31 and lists them on the bank statement except for one check totaling $1420 The bank statement shows a balance of $22.454 on July 31 Required: 1. Prepare a bank reconciliation to calculate the correct onding balance of cash on July 31, Year 1. (Amounts to be deducted should be Indicated with a minus sign.) Bank Reconciliation July 31, Year 1 Company's Cash Balance Per General Ledger Bank's Cash Balance Per Bank Statement 0 Bank Balance per Reconciliation Company Balance per Reconciliation erences 2. Record the necessary entryies) 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.) View transaction ist Journal entry worksheet Prey 1 of 7 HE Next > 2. Record the necessary entryies) 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.) View transaction list Journal entry worksheet 1 2 Record the amounts that increase cash. Note: Enter debits before credits Debit Credit Date General Journal July 31 Record entry Clear entry View general Journal
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
