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a. Exercise 8-11 Bank reconciliation LO6 Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31,

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a. Exercise 8-11 Bank reconciliation LO6 Kesler Co. deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2021 , after all posting was completed, its Cash account showed an $11,042 debit balance. How- ever, Kesler's July 31 bank statement showed only $9,860 on deposit in the bank on that day along with the following information. Outstanding cheques, $2,695. b. Included with the July cancelled cheques returned by the bank was a $42 debit memorandum for bank services. Cheque #919, returned with the cancelled cheques, was correctly drawn for $892 in payment of the utility bill and was paid by the bank on July 15. However, it had been recorded with a debit to Utilities Expense and a credit to Cash as though it were for $982. d. The July 31 cash receipts, $3,925, were placed in the bank's night depository after banking hours on that date and were unrecorded by the bank at the time the July bank statement was prepared. Required Prepare a bank reconciliation for Kesler Co. at July 31. c. a

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