angela lansbury l Verizon 8:10 PM * 40%. ) a edugen.wileyplus.comm Timeout alert

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angela lansbury l Verizon 8:10 PM * 40%. ) a edugen.wileyplus.comm Timeout alert MBA Media, Entertainment& Sports Man... WileyPLUS WileyPLUS: MyWileyPLUSI Help I Contact Us1 Leg Out WileyPLUS Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (ACC 301-302-305) BACK NEXT ASSIGNMENT RESOURCES Homework Chapter 7 xercise 7-24 (Par Exercise 7-24 (Part Level Submission) Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. evel Submi June 30 Bank Reconciliation Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books $7,000 1,540 (2,000) $6,540 Objective Month of July Results Balance July 31 uly deposits July checks uly note collected (not included in July deposits) July bank service charge July NSF check from a customer, returned by the bank (recorded by bank as a charge) Per Bank $8,650 5,000 4,000 1,000 15 335 Per Books $9,250 5,810 3,100 ? (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

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Working:

ANGELA LANSBURY COMPANY Bnk Reconciliation Jul-31 Balance as per bank 8650 Balance as per cash book 9250 Additions: Additions: Deposits in transit * 2350 Outstanding checks ** 1100 Bank charges 15 NSF check 335 Note collected by bank 1000 Total Additions 2700 Total Additions 2100 Deductions: Deductions: Outstanding checks ** 1100 Deposits in transit * 2350 Note collected by bank 1000 Bank charges 15 NSF check 335 Total Deductions 2100 Total Deductions 2700 Balance as per cash book 9250 8650

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