Bank Reconciliation and Entries

The cash account for Stone Systems at July $31,20Y5,$ indicated a balance of $$17,750.$ The bank statement indicated a balance of $$33,650$ on July $31,20$Y$5.$ Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items:

a$.$ Checks outstanding totaled $$17,865.$

b$.$ A deposit of $$9,150,$ representing receipts of July $31,$ had been made too late to appear on the bank statement.

c$.$ The bank had collected $$6,095$ on a note left for collection. The face of the note was $$5,750.$

d$.$ A check for $$390$ returned with the statement had been incorrectly recorded by Stone Systems as $$930.$ The check was for the payment of an obligatio to Holland Co$.$ for the purchase of office supplies on account.

e$.$ A check drawn for $$1,810$ had been incorrectly$/$charged by the bank as $$1,180.$

f$.$ Bank service charges for July amounted to $$80.$

Required:

Prepare a bank reconciliation.

Stone Systems

Bank Reconciliation July $31,20Y5$

Cash balance according to bank statement

Adjustments:

Total adjustments

Adjusted balance

Cash balance according to company's records

Adjusted balance

Cash balance according to company's records

Adjustments:

Total adjustments

Adjusted balance

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

$20Y5$ July $31$

July $31$

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

$