The following information pertains to Blossom Company.

1.		Cash balance per bank, July 31, $10,962.
2.		July bank service charge not recorded by the depositor $63.
3.		Cash balance per books, July 31, $11,088.
4.		Deposits in transit, July 31, $4,473.
5.		$2,520 collected for Blossom Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Blossom Company.
6.		Outstanding checks, July 31, $1,890.

Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.)

BLOSSOM COMPANY Bank Reconciliation Choose the accounting period                                                                       For the Year Ended July 31, 2022For the Month Ended July 31, 2022July 31, 2022
Select an opening section 1 name                                                                       Outstanding checksElectronic funds transfer receivedCash balance per bank statementDeposits in transitBank service chargeAdjusted cash balance per bank			$Enter a dollar amount
Select between addition and deduction                                                                       LessAdd:	Select a reconciling item                                                                       Deposits in transitElectronic funds transfer receivedCash balance per bank statementAdjusted cash balance per bankOutstanding checksBank service charge		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction                                                                       AddLess:	Select a reconciling item                                                                       Bank service chargeAdjusted cash balance per bankCash balance per bank statementOutstanding checksElectronic funds transfer receivedDeposits in transit		Enter a dollar amount
Select a closing section 1 name                                                                       Deposits in transitOutstanding checksBank service chargeCash balance per bank statementElectronic funds transfer receivedAdjusted cash balance per bank			$Enter a total amount for section one
Select an opening section 2 name                                                                       Adjusted cash balance per booksOutstanding checksElectronic funds transfer receivedDeposits in transitBank service chargeCash balance per books			$Enter a dollar amount
Select between addition and deduction                                                                       LessAdd:	Select a reconciling item                                                                       Electronic funds transfer receivedCash balance per booksOutstanding checksAdjusted cash balance per booksDeposits in transitBank service charge		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction                                                                       AddLess:	Select a reconciling item                                                                       Deposits in transitAdjusted cash balance per booksElectronic funds transfer receivedOutstanding checksCash balance per booksBank service charge		Enter a dollar amount
Select a closing section 2 name                                                                       Adjusted cash balance per booksBank service chargeCash balance per booksDeposits in transitElectronic funds transfer receivedOutstanding checks			$Enter a total amount for section two

Answer rating: 100% (QA)

A B 1 BLOSSOM COMPANY Bank Reconciliation 3 July 31 2022 4 Cash balance per ... View the full answer