Question
1.The In preparing the bank reconciliation of Royal Company for the month of July, the following information is available: Balance per bank statement, 7/31P 54,075
1.The In preparing the bank reconciliation of Royal Company for the month of July, the following
information is available:
Balance per bank statement, 7/31P 54,075
Deposits in transit, 7/319,375
Outstanding checks, 7/318,625
Deposit erroneously recorded by bank to Royal account375
Bank service charge for July75
What is the correct cash balance at July 31?
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Financial Accounting IFRS
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
2nd edition
