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0 000 Green Valley Bank sent Comstock Industries its end-of-month bank statement for July, The end of month balance by the bank is $11.237, The

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0 000 Green Valley Bank sent Comstock Industries its end-of-month bank statement for July, The end of month balance by the bank is $11.237, The statement shows that a deposit for $4,250 is in transit at the end of the statement period. The statement also revealed that checks for $87, $105, and $95 are outstanding. Green Valley collected a $4,000 note receivable plus $120 of interest revenue. The bank charges $20 for the collection service. The bank charges a monthly account fee of $35. The end-af-month balance per company books is $11,135. Prepare a bank/account reconciliation and prepare any necessary journal entries for the reconaliation. When calculating interest, assume a 360 day year Comstock Industries Bank Reconciliation July 31 Cash balance according to bank statement Adjustments Add notes receivable Bank service charge Total adjustments Adjusted balance Cash balance according to Comstock Industries Adustments Total adhustments Adjusted balence Next Submit Test for Grading Emal tstructor All work saved 5:07 PM Time Remaining 2:27:24 6/22/2019 Add notes receivable Bank service charge Total adjustments Adjusted balance Cash balance according to Comstock Industries Adjustments: Total adjustments Adjusted balance Record the entry to increase cash first. For a compound transaction, if an amount box does not require an entry, leave it blank or enter 0 Jul. 31 Ju. 31 Next Email Instructor Submit Test for Grading All work saved. Time Remaining: 2:26:52

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