Bank reconciliation and required entries for Starfish Inc .; for the month of July 2020.

Data: Related to the BPPR

1. Balance in the bank as of June 30 $ 30,691.50

2. Recognized deposits $ 98,000

3. Collections by the bank for Castillo $ 3,255. Of this amount, $ 105 represents the interest earned on the note for Castillo.

4. Checks paid in total $ 109,025.

5. Bank charges $ 94.50

6. You must calculate the balance as of July 31 of the bank, with the given data. Point.

Castle Data

1. Balance as of June 30 according to books $ 30,975.

2. Deposits during June $ 108,500

3. Checks made during June $ 111,422.50

Other information:

1. Deposits in transit July $ 10,500

2. Checks in circulation $ 2,975.

3. Cash on hand at $ 861.00

Prepare:

1. Prepare the bank reconciliation

2. Required wage entries