7-9 B

1. Cash balance per bank, July 31, $7,788 3. Cash 4. Deposits in transit, July 31, $3,160. S. $2,476 collected for Sandhill Company in July by the bank through electronic funds transfer. The collection has not been r 6. Outstanding checks, July 31, $697. Prepare a bank reconciliation at July 31, 2017. (List items that i e balance as per bank & books first.) July 31, 2017 697 10,251 10,3 10,251 2476 Exercise 7-9 This information relates to the Cash account in the ledger of Sunland Company Balance September 1-$17,670; Cash deposited-$64,000 Balance September 30-$18,870; Checks written-$62,800 The September bank statement shows a balance of $17,770 at September 30 and the following memoranda. sa Credits Debits Collection of electronic funds transfer Interest earned on checking account $2,440 65 NSF check: H. Kane Safety deposit box rent $1,170 80 At September 30, deposits in transit were $5,368 and outstanding checks totaled $3,013. Prepare the bank reconciliation at September 30, 2017. (List items that increase balance as per bank & books first.) SUNLAND COMPANY Bank Reconciliation 30, tht NSF check was trom customer on account. (Credit account tstles are automatically indented wier" amount is enterna. Do not indent 30 30