The following information is for Robins Logistics Company: 1. Cash balance per bank, July 31, $7,263. 2.

Question:

The following information is for Robin’s Logistics Company:
1. Cash balance per bank, July 31, $7,263.
2. July bank service charge not recorded by the depositor, $28.
3. Cash balance per books, July 31, $7,284.
4. Deposits in transit, July 31, $2,314.
5. Bank collected $1,700 note for Robin’s in July, plus interest $50, less fee $20. The collection has
not been recorded by Robin’s and no interest has been accrued.
6. Outstanding cheques, July 31, $591.


Instructions
a. Prepare a bank reconciliation at July 31.
b. Journalize the entries required by the reconciliation at July 31 on the books of Robin’s Logistics Company.

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Related Book For  book-img-for-question

Accounting Principles Volume 1

ISBN: 9781119786818

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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