Edit View History Kimmel, Financial Accounting, Se Help I System Announcements B

Question

Edit View History Kimmel, Financial Accounting, Se Help I System Announcements BACK CES 1. Cash balance per bank, July 31, 57,328 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 s. $2,016 collected for Lance Company in July by the bank through electronic funds transfer. The colection has not been recorded by Lance Company. Outstanding checks, July 31, $686 6. Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.) tudy TO TEXT MacBook Air

Explanation / Answer

Bank reconciliation Statement Particulars Amount Cash balance per books             7,364.00 Bank Service Charges                 (38.00) Deposit in transit not coming in bank book           (2,700.00) Collection by bank from customer not recorded in cash book             2,016.00 Outstanding cheques                 686.00 Cash balance per bank             7,328.00

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