Business, 25.03.2020 06:00, kenken2583

Michelle Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank Reconciliation
Balance per bank $36,400
Add: Deposits in transit 8,008
Deduct: Outstanding checks (10,400)
Balance per books $34,008

Month of July Results
Per Bank Per Books
Balance July 31 $44,980 $48,100
July deposits 23,400 30,212
July checks 20,800 16,120
July note collected (not included in July deposits) 7,800
July bank service charge 78
July NSF check from a customer, returned by the-
bank (recorded by the bank as a charge) 1,742

Required:
Prepare a bank reconciliation going from the balance per bank and balance per book to the correct cash balance.

Answers: 3

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Michelle Lansbury Company deposits all receipts and makes all payments by check. The following infor...