The following information is for Cullumber Ltd in July Cash balance per bank July 31, $10,770...
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The following information is for Cullumber Ltd in July Cash balance per bank July 31, $10,770 Cash balance per books, July 31, S8,965 Bank service charge. $50 Deposits in transit. $1.937 5. 1. 2. Electronic receipts from customers in payment of their accounts, $1.335, not previously recorded by the company Outstanding cheques $2.367 Cheque #373 was correctly written in the amount of S890 but was incorrectly recorded by the company's bookkeeper as 5980 The cheque was written to buy office supplies 348 67 Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.) CULLUMBER LTD. Bank Reconciliation July 31 10.770 Cash balance per bank statement 1,937 Add Deposits in transit 12707 Less Outstanding cheques 2,367 Reconciled cash balance per bank v 10340 Cash balance per books 8,965 Add EFT deposits 1.335 Cheque No 373 eror 90 1425 Less Sank service charges 50 Reconcied cash buiance per books 1375 %24 The following information is for Cullumber Ltd in July Cash balance per bank July 31, $10,770 Cash balance per books, July 31, S8,965 Bank service charge. $50 Deposits in transit. $1.937 5. 1. 2. Electronic receipts from customers in payment of their accounts, $1.335, not previously recorded by the company Outstanding cheques $2.367 Cheque #373 was correctly written in the amount of S890 but was incorrectly recorded by the company's bookkeeper as 5980 The cheque was written to buy office supplies 348 67 Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.) CULLUMBER LTD. Bank Reconciliation July 31 10.770 Cash balance per bank statement 1,937 Add Deposits in transit 12707 Less Outstanding cheques 2,367 Reconciled cash balance per bank v 10340 Cash balance per books 8,965 Add EFT deposits 1.335 Cheque No 373 eror 90 1425 Less Sank service charges 50 Reconcied cash buiance per books 1375 %24
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CULLUMBER COMPANY Bank Reconciliation At July 31 Bank balanc... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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