Business, 15.10.2020 14:01 tearaj

The following information pertains to Sunland Company. 1. Cash balance per bank, July 31, $7,688.
2. July bank service charge not recorded by the depositor $47.
3. Cash balance per books, July 31, $7,724.
4. Deposits in transit, July 31, $3,060.
5. $2,376 collected for Sunland Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company.
6. Outstanding checks, July 31, $695.

Required:
a. Prepare a bank reconciliation at July 31, 2022.
b. Journalize the adjusting entries at July 31 on the books of Sunland Company.

Answers: 3

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The following information pertains to Sunland Company. 1. Cash balance per bank, July 31, $7,688. <...