Problem 7-3A (Part Level Sulbmission) night depost au ncomectly entered for $348
ID: 2548811 • Letter: P
Question
Problem 7-3A (Part Level Sulbmission) night depost au ncomectly entered for $348 conpany from w Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation uly 31, 2017 Cash balance per bank statement 7825.8 Add Electronic funds transfer recelved 1655 9480.8 Less.Bank service charge 17 9463.8 Adjusted cash balance per bank Cash balance per books 6275.00 Add .Bank service charge 36 6311 Less Outstanding checks 1995.10 Error in recording check No. 2480 36.00 NSF check 710 2741.1 3569.9 Adjusted cash balance per booksExplanation / Answer
BANK RECONCILIATION STATEMENT Balance as per bank statement 7825.8 Add: Deposits in transit 1336.3 Less: Outstanding checks 1995.1 Adjusted balance as per bank stattement 7167 Balance as per books 6275 Adjustment Add: EFT received 1655 Less: NSF check 710 Less: Service charges 17 Less: Error in recording the check 36 763 Adjusted balance as per books 7167