Respuesta :
Answer:
Explanation:
1. Cash balance per bank, July 31, $7,328.
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.
5. $2,016 collected for Lance Company in July by the bank through electronic funds transfer. The collection has not been recorded by Lance Company.
6. Outstanding checks, July 31, $686.
The following information pertains to Lance Compan
The following information pertains to Lance Compan
1- Prepare a bank reconciliation at July 31, 2017
ADJUSTMENT OF CASH BOOK
Balance as per cash book.........7,364
Receipt by funds transfer..........2,016
Bank Charges...................................(38)
Adjusted Cashbook Balance 9,342
BANK RECONCILIATION STATEMENT
Balance as per Adjusted Cashbook...9,342
Add: Unpresented Checks......................686
Less: Uncredited Deposits...................(2,700)
Balance as per bank statement...........7,328
2- Journalize the adjusting entries at July 31 on the books of Lance Company
Dr. Cash................................2,016
Cr. Bank.........................................2,016
Being Cash Receipt by funds transfer not captured in Cash book
Dr. Bank Charges.............................38
Cr. Cash.....................................................38
Being Bank Charges for the month of July.
