Business, 07.04.2020 00:34 garciavergaraana
On July 31, 2022, Blossom Company had a cash balance per books of $6,295.00. The statement from Dakota State Bank on that date showed a balance of $7,845.80. A comparison of the bank statement with the Cash account revealed the following facts.
1. The bank service charge for July was $24.00.
2. The bank collected $1,675.00 from a customer for Blossom Company through electronic funds transfer.
3. The July 31 receipts of $1,349.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to L. Taylor, a creditor, for $354.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $345.00.
5. Checks outstanding on July 31 totaled $1,988.10.
6. On July 31, the bank statement showed an NSF charge of $730.00 for a check received by the company from W. Krueger, a customer, on account.
New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is partially correct.
Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.)
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On July 31, 2022, Blossom Company had a cash balance per books of $6,295.00. The statement from Dako...
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