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5pt 2 On July 31. 2022. Skysong Company had a cash balance per books of $6.270. The statement from Dakota State Bank on that date
5pt 2 On July 31. 2022. Skysong Company had a cash balance per books of $6.270. The statement from Dakota State Bank on that date showed a balance of $7,820.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $22. 2. The bank collected $1,650.00 for Skysong Company through electronic funds transfer. 3. The July 31 receipts of $1,326.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vauit on July 31 . 4. Company check No, 2480 issued to L. Taylor, a creditor, for $364 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $346. 5. Checks outstanding on July 31 totaled \$1,972.10. 6. On July 31, the bank statement showed an NSF charge of $705.00 for a check received by the company from W. Krueger, a customer, on account. Prepare a tabular analyis for the necessary adpuatments at july 31. Include mar in exlanations for the changes in revenues and of the aniount entered for the perticuls Asset, Llability or Eowity item that was reduced!)
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