Question
Alpha Company had the following banking information from its bank statement dated 7/31/17 Item Amount Cash Balance per bank 7/3/17 3,350 Bank Service Charges 75
Alpha Company had the following banking information from its bank statement dated 7/31/17
Item | Amount |
Cash Balance per bank 7/3/17 | 3,350 |
Bank Service Charges | 75 |
Collection of Note Receivable from Mr. Yankee including the interest of 145 Customer (Mr. Welcher) | 3,145 |
Returned check NSF | 225 |
The following additional information was determined from a review of the cash payments and receipts and the check register for Alpha Company.
1. The following checks had not cleared the bank as paid
Date | Check # | Accounts Payable | Amount |
5/25/17 | 1005 | Bravo Company | 250 |
7/15/17 | 1025 | Zulu Company | 1,900 |
7/30/17 | 1030 | Bravo Company | 250 |
2. The following was recorded in Alphas cash receipts ledger and have not yet been recorded in the bank statement
Date | Item | Amount |
5/25/17 | Store Cash Sales | 200 |
7/31/17 | Store Cash Sales | 200 |
7/31/17 | Checks from store Sales | 5.500 |
7/31/17 | Cash Balance per GL 7/31/17 | 4,005 |
Prepare, in good form, the July 31, 2017 Bank Reconciliation for Alpha Company
Bank Reconciliation
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