Information from Grey's Photography, Inc., Cash account as well as the July bank statement are presented next.
Question:
Information from Grey's Photography, Inc., Cash account as well as the July bank statement are presented next.
Check #210 was written for $500 to pay salaries expense.
Requirements
1. Prepare the bank reconciliation on July 31.
2. Prepare all necessary journal entries for Grey’s Photography to update the Cash account as a result of the bank reconciliation?
Transcribed Image Text:
Cash Jul 1 Bal. Jul 30 50 2,200 Check #210 2,700 Check #211 Check #212 Check #213 Check #214 450 57 285 170 Pre-adjusted Bal @ Jul 31 3,888 Bank Statement: Bal, Jul 1 $ 2,200 Deposits: EFT-rent Checks: 405 No. Amount 500 210 211 450 212 57 (1,007) Other Charges: Service charge Check printing $ 20 35 NSF check #201 90 (145) $ 1,453 Bal, Jul 31
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