Question: View Policies Current Attempt in Progress The following information relates to Sunland Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,980.
View Policies Current Attempt in Progress The following information relates to Sunland Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,980. During the month of July, Sunland recorded cash receipts of $22,800 and cash payments of $24,300 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,420 on July 31, outstanding cheques $3,790; deposits in transit $1,610; EFT collections on account that were not yet recorded on the books $2,198 NSF cheque $1.242 NSF fee $78; and bank services charges $118. Determine the cash balance per Sunland Limited's byoks. Cash balance $ Prepare the bank reconciliation at July 31 (List items that increase balance as per bank & books first.) Sunland Limited Bank Reconciliation July 31 $
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