Question: Using the data in BE7-9, determine or calculate the unadjusted cash balance for Southco Limited. An examination of the company's July bank statement shows a

Using the data in BE7-9, determine or calculate the unadjusted cash balance for Southco Limited. An examination of the company's July bank statement shows a balance of $15,840 on July 31; outstanding cheques $2,300; deposits in transit $4,300; EFT collections on account $1,960 that were not yet recorded on the books; NSF cheque $290; NSF fee $80; and bank services charges $70. Prepare the bank reconciliation at July 31.

Data from BE7-9

Th e following information relates to Southco Limited’s Cash account. Th e adjusted cash balance from June’s
bank reconciliation is $18,920. During the month of July, Southco recorded cash receipts of $21,700 and cash payments of
$24,300 in the general ledger Cash account. Calculate Southco’s unadjusted cash balance at July 31.

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