The following information pertains to Joyce Company. 1. Cash balance per bank, July 31, $7,328. 2. July
Question:
The following information pertains to Joyce Company.
1. Cash balance per bank, July 31, $7,328.
2. July bank service charge not recorded by the depositor $38.
3. Cash balance per books, July 31, $7,364.
4. Deposits in transit, July 31, $2,700.
5. Note for $2,000 collected for Joyce Company in July by the bank, plus interest $36 less fee $20. The collection has not been recorded by Joyce Company, and no interest has been accrued.
6. Outstanding checks, July 31, $686.
Instructions
(a) Prepare a bank reconciliation at July 31, 2014.
(b) Journalize the adjusting entries at July 31 on the books of Joyce Company.
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a JOYCE COMPANY Bank Reconciliation July 31 2014 Cash balance per bank statement 7328 Add Depo...View the full answer
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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