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The following information is available for Park Valley Spa for July Year 1. BANK STATEMENT STATE BANK BOLTA VISTA, NV 1eeei Park Valley Spa 10 Main Street Account number 12-4567 Bolta Vista, NV 10001 July 31, Year 1 Beginning balance 6/30/Year 1 $ 9,831 Total deposits and other credits 29,800 Total checks and other debits 23,902 Ending balance 7/31/Year 1 14,929 Deposits and Credits Checks and Debits Check Number Amount 2350 $3,761 2351 1,643 2352 8,000 2354 2,894 2355 1,401 2357 6,187 DM 16 Date July 1 July 18 July 15 July 21 July 26 July 30 CM Amount $1,102 6,498 4,929 6,174 5,963 2,084 3,050 The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1. Date July 2 July 4 July 10 July 10 July 15 July 20 July 22 Check Number 2351 2352 2353 2354 2355 2356 2357 Amount of Check $1,643 8,000 1,500 2,894 1,481 745 6,187 Date July 8 July 14 July 21 July 26 July 29 July 30 Amount of Deposit $6,498 4,929 6,174 5,963 2,084 3,550 Other Information 1. Check number 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 $1,102. 6. The unadjusted Cash account balance at July 31 was $13,200. Required a. Prepare the bank reconciliation for Park Valley Spa at the end of July. b. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance. Required A Required B Prepare the bank reconciliation for Park Valley Spa at the end of July. PARK VALLEY SPA Bank Reconciliation July 31, Year 1 Unadjusted Bank Balance, July 31, Year 1 Add: Deposit in transit Less: Outstanding check #2353 Less: Outstanding check #2358 0 0 s True Cash Balance, July 31, Year 1 Unadjusted Book Balance, July 31, Year 1 True Cash Balance, July 31, Year 1 s 0 Required A Required B > a transaction/event, select "No journal entry required in the first account field. View transaction list Journal entry worksheet