The following information is available for Park Valley Spa for July Year 1: The following is a

Question:

The following information is available for Park Valley Spa for July Year 1:

Bank Statement STATE BANK Bolta Vista, NV 10001 Park Valley Spa Account number 10 Main Street 12-4567 July 31, Year 1 Bo


The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1:

Amount of Deposit Check No. of Check Amount Date Date July July July July July 2351 2352 2353 2354 2355 2356 2357 $1,643


Other Information
1. Check no. 2350 was outstanding from June.
2. The credit memo was for collection of notes receivable.
3. All checks were paid at the correct amount.

4. The debit memo was for printed checks.
5. The June 30 bank reconciliation showed a deposit in transit of $1,102.
6. The unadjusted Cash account balance at July 31 was $13,200.


Required
Prepare the bank reconciliation for Park Valley Spa at the end of July.

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Related Book For  book-img-for-question

Introductory Financial Accounting for Business

ISBN: 978-1260299441

1st edition

Authors: Thomas Edmonds, Christopher Edmonds

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