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30..... e On August 1, 20X1, Sofia Marciano, the accountant for European Exports, downloaded the company's July 31, 20X1, bank statement from the bank's Website.

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30..... e

On August 1, 20X1, Sofia Marciano, the accountant for European Exports, downloaded the company's July 31, 20X1, bank statement from the bank's Website. The balance shown on the bank statement was $28,810. The July 31,201, balance in the Cash account in the general ledger was $13,687. Sofia noted the following differences between the bank's records and the company's Cash account in the general ledger: a. An electronic funds transfer for $14,900 from Mannheim Group, a customer located in Germany, was received by the bank on July 31. b. Check 1422 was correctly written and recorded for $1,200. The bank mistakenly paid the check for $1,230. c. The accounting records indicate that Check 1425 was issued for $69 to make a purchase of supplies. However, examination of the check online showed that the actual amount of the check was for $99. d. A deposit of $850 made after banking hours on July 31 did not appear on the July 31 bank statement. e. The following checks were outstanding: Check 1429 for $1,254 and Check 1430 for $146. f. An automatic debit of $267 on July 31 from CentralComm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records. Required: 1. Prepare a bank reconciliation for the firm as of July 31 . 2. Record general journal entries for the items on the bank reconciliation statement that must be journalized. Date the entries July 31, 201. Analyze: What effect on total expenses occurred as a result of the general journal entries recorded? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation for the firm as of July 31 . \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline & & \\ \hline Toductions for outstanding checks: & & \\ \hline Adjusted bank balance & & \\ \hline & & \\ \hline Balance in books & & \\ \hline Additions: & & \\ \hline & & \\ \hline & & \\ \hline Deductions: & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Record general journal entries for the items on the bank reconciliation statement that must be journalized. Date the entries July 31 , 201. Note: If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Journal entry worksheet 56 Record the entry to correct for check 1425. Note: Enter debits before credits. Analyze: What effect on total expenses occurred as a result of the general journal entries recorded? Complete this question by entering your answers in the tabs below. What effect on total expenses occurred as a result of the general journal entries recorded

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