Bank reconciliation and entries canceled checks and memos with the records reveals the following reconciling items:

a$.$ Checks outstanding totaled $$4,430.$

b$.$ A deposit of $$4,620,$ representing receipts of July $31,$ had been made too late to appear on the bank statement.

c$.$ The bank had collected $$2,400$ on a note left for collection. The face of the note was $$2,280.$

e$.$ A check drawn for $$500$ had been incorrectly charged by the bank as $$50.$

f$.$ Bank service charges for July amounted to $$30.$

Required:

Prepare a bank reconciliation.

Stone Systems

Bank Reconciliation

July $31,20$ Y$5$

Line Item Description

Amount Amount

Cash balance according to bank statement

$

Total deductions

Adjusted balance

Cash balance according to company's records

$

Adjustments: