Bank Reconciliation and Entries

The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $12,605. The bank statement indicated a balance of $16,370 on July 31, 20Y5. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items:

1. Checks outstanding totaled $5,890.
2. A deposit of $6,140, representing receipts of July 31, had been made too late to appear on the bank statement.
3. The bank had collected $3,190 on a note left for collection. The face of the note was $3,030.
4. A check for $500 returned with the statement had been incorrectly recorded by Stone Systems as $550. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on account.
5. A check drawn for $900 had been incorrectly charged by the bank as $90.
6. Bank service charges for July amounted to $35.

Required:

1. Prepare a bank reconciliation.

Stone Systems
Bank Reconciliation
July 31, 20Y5
Cash balance according to bank statement		$fill in the blank 9be849034ffa014_1
		fill in the blank 9be849034ffa014_3
	$fill in the blank 9be849034ffa014_5
	fill in the blank 9be849034ffa014_7
Total deductions		fill in the blank 9be849034ffa014_8
Adjusted balance		$fill in the blank 9be849034ffa014_9
Cash balance according to company's records		$fill in the blank 9be849034ffa014_10
Adjustments:
	$fill in the blank 9be849034ffa014_12
	fill in the blank 9be849034ffa014_14
Total additions		fill in the blank 9be849034ffa014_15
		fill in the blank 9be849034ffa014_17
Adjusted balance		$fill in the blank 9be849034ffa014_18

2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank.

20Y5 July 31		fill in the blank 4f16f7f78fd6fb4_2	fill in the blank 4f16f7f78fd6fb4_3
		fill in the blank 4f16f7f78fd6fb4_5	fill in the blank 4f16f7f78fd6fb4_6
		fill in the blank 4f16f7f78fd6fb4_8	fill in the blank 4f16f7f78fd6fb4_9
		fill in the blank 4f16f7f78fd6fb4_11	fill in the blank 4f16f7f78fd6fb4_12
July 31		fill in the blank 4f16f7f78fd6fb4_14	fill in the blank 4f16f7f78fd6fb4_15
		fill in the blank 4f16f7f78fd6fb4_17	fill in the blank 4f16f7f78fd6fb4_18

3. If a balance sheet were prepared for Stone Systems on July 31, 20Y5, what amount should be reported as cash? $fill in the blank 58b104fd403703b_1