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5 of 10 View Policies Current Attempt in Progress -/1 E On July 31, 2022, Sage Hill Company had a cash balance per books of
5 of 10 View Policies Current Attempt in Progress -/1 E On July 31, 2022, Sage Hill Company had a cash balance per books of $6,260. The statement from Dakota State Bank on that date showed a balance of $7,810.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $19. 2. The bank collected $1,640.00 for Sage Hill Company through electronic funds transfer. 3. 4. The July 31 receipts of $1,319.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $394 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $349. 5. Checks outstanding on July 31 totaled $1,989.10. 6. On July 31, the bank statement showed an NSF charge of $695.00 for a check received by the company from W. Krueger, a customer, on account. (a) Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) Question 5 of 10 > (a) Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) SAGE HILL COMPANY Bank Reconciliation $ $ $ -/1 III Question 5 of 10 eTextbook and Media List of Accounts Save for Later $ -/1 !!! Attempts: 0 of 3 used Submit
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