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1. 2. 3. On July 31, 2017, Cullumber Company had a cash balance per books of $6,305.00. The statement from Dakota State Bank on that

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1. 2. 3. On July 31, 2017, Cullumber Company had a cash balance per books of $6,305.00. The statement from Dakota State Bank on that date showed a balance of $7,855.80. A comparison of the bank statement with the Cash account revealed the following facts. The bank service charge for July was $16.00. The bank collected $1,685.00 for Cullumber Company through electronic funds transfer. The July 31 receipts of $1,367,30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $394.00 that cleared the bank in July was incorrectly ente ed in the cash payments record on July 10 for $349.00 Checks outstanding on July 31 totaled $2,034.10. On July 31, the bank statement showed an NSF charge of $740.00 for a check received by the company from W. Krueger, a customer, on account 4. 5. 6. Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 2 decimal places, eg. 52.75.) Assets Liabilities Accts. Pay. Accts. Rec Cash Rev. July 31 31 31 31 e Textbook and Media Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Labilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equlty item that was reduced. Round answers to 2 decimal places, eg. 52.75.) Liabilities Stockholders' Equity Accts. Pay Rev. Exp

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