A B The following information is available for Park Valley Spa for July Year 1.. BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 23456 C D Park Valley Spa Account number 7 8 9 10 Main Street Bolta Vista, NV 10001 Beginning balance 6/30/Year 1 Total deposits and other credits 12-4567 July 31, Year 1 $9,031 $29,800 10 Total checks and other debits $23,902 11 Ending balance 7/31/Year 1 $14,929 12 13 Checks and Debits. Deposits and Credits 14 Check Number Amount Date Amount 15 2350 $3,761 July 1 $1,102 16 2351 $1,643 July 10 $6,498 17 2352 $8,000 July 15 $4,929 18 2354 $2,894 July 21 $6,174 19 2355 $1,401 July 26 $5,963 20 2357 $6,187 July 30 $2,084 21 DM $16 CM $3,050 23 The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1. 24 25 26 33222222223 27 July 2 July 4 28 July 10 29 July 10 30 July 15 31 July 20 July 22 Date 34 Other Information 35 1. Check number 2350 was outstanding from June. 36 2. The credit memo was for collection of notes receivable. 37 3. All checks were paid at the correct amount. Check Number Amount of Check Datel Deposit 2351 $1,643 July 8 $6,498 2352 $8,000 July 14 $4,929 2353 $1,500 July 21 $6,174, 2354 $2,894 July 26 $5,963 2355 $1,401 July 29 $2,084 2356 $745 July 30 $3.550 2357 $6,187 38 4. The debit memo was for printed checks. 5. The June 30 bank reconciliation showed a deposit in 39 transit of $1,102. $1,102 6. The unadjusted Cash account balance at July 31 was 40 $13,200. $13,200 41 42 Required 43 a. Prepare the bank reconciliation for Park Valley Spa at the end of July. 44 45 (Enter amounts to be deducted with a minus sign.) (Use the cells from the given information above to complete this question.) 46 47 48 49 50 Unadjusted Bank Balance, July 31, Year 1 PARK VALLEY SPA Bank Reconciliation July 31, Year 1 51 52 53 54 55 True Cash Balance, July 31, Year 1 56 Unadjusted Book Balance, July 31, Year 1 57 58 59 True Cash Balance, July 31, Year 1 60 61 b. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.. 62 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 63 (Use the cells from the given information above to complete this question.) 60 61 b. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance. 62 If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 63 (Use the cells from the given information above to complete this question.) 64 65 66 No 1 67 68 2 69 70 71 Event 1 2 General Journal Debit Credit