1. value: 20.00 points

The following information is available for Sunset Valley Hotel for July 2014:

BANK STATEMENT STATE BANK Bolta Vista, NV 10001 Sunset Valley Hotel 10 Main Street Bolta Vista, NV 10001 Account number 12-4567 July 31, 2014 Beginning balance 6/30/2014 $ 9,067 Total deposits and other credits 30,072 Total checks and other debits 24,175 Ending balance 7/31/2014 14,964 Checks and Debits Deposits and Credits Check No. Amount Date Amount 2350 $ 3,794 July 1 $ 1,135 2351 1,680 July 10 6,543 2352 8,038 July 15 4,971 2354 2,941 July 21 6,207 2355 1,447 July 26 6,004 2357 6,218 July 30 2,123 DM 57 CM 3,089

The following is a list of checks and deposits recorded on the books of the Sunset Valley Hotel for July 2014:

Date Check No. Amount of Check Date Amount of Deposit July 2 2351 $ 1,680 July 8 $ 6,543 July 4 2352 8,038 July 14 4,971 July 10 2353 1,535 July 21 6,207 July 10 2354 2,941 July 26 6,004 July 15 2355 1,447 July 29 2,123 July 20 2356 781 July 30 3,586 July 22 2357 6,218

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 $1,135. 6. The unadjusted Cash account balance at July 31 was $13,202.

Required

a. Prepare the bank reconciliation for Sunset Valley Hotel at the end of July.

b.

How the adjustments described above affect the cash account. (If the adjustments does not effect the cash account then select "Not affected".)

References eBook & Resources WorksheetDifficulty: 2 MediumLearning Objective: 04-02 Prepare a bank reconciliation. Check my work