Answered step by step
Verified Expert Solution
Question
1 Approved Answer
12 mm) Josnica Corp. used the following information in recording it bank reconcilition for the month of July Balance per books July 31 $ 25,312
12 mm) Josnica Corp. used the following information in recording it bank reconcilition for the month of July Balance per books July 31 $ 25,312 Balance per bank statement July 31 $ 26,772 (1) Checks written in July but still outstanding $3,650. Deposits of July 31 not yet recorded by bank $2,820. Check No. 705 for $350 was correctly issued and paid by bank but was recorded as $530 in the cash payments journal. Bank commission charge for July was $82. (5) The bank collected a note receivable for the company of $1,600 plus $117 interest revenue. (6) NSF check of customer returned by bank $285. (7) Jessica deposited $2,150 into the bank and properly recorded it in Cash at Bank accounts but the bank credited this amount for only $1.250. Instructions Prepare a bank reconciliation at July 31
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started