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Bank Reconciliation On July 3 1 , Sullivan Company's Cash in Bank account had a balance of $ 9 , 3 8 1 . 5
Bank Reconciliation On July Sullivan Company's Cash in Bank account had a balance of $ On that date, the bank statement indicated a balance of $ A comparison of returned checks and bank advices revealed the following: Deposits in transit July amounted to $ Outstanding checks July totaled $ The bank erroneously charged a $ check of Solomon Company against the Sullivan bank account. A bank service charge has not yet been recorded by Sullivan Company of $ Sullivan neglected to record $ borrowed from the bank on a ten percent sixmonth note. The bank statement shows the $ as a deposit. Sullivan Company recorded a $ payment for repairs as $ Required a Prepare a bank reconciliation for Sullivan Company at July b Prepare the journal entry or entries necessary to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation. Note: Do not round answers enter using two decimal places, when needed. Bank reconciliation Journal entries Please answer all parts of the question.
Bank Reconciliation On July Sullivan Company's Cash in Bank account had a balance of $
On that date, the bank statement indicated a balance of $
A comparison of returned checks and bank advices revealed the following:
Deposits in transit July amounted to $
Outstanding checks July totaled $
The bank erroneously charged a $ check of Solomon Company against the Sullivan bank account.
A bank service charge has not yet been recorded by Sullivan Company of $
Sullivan neglected to record $ borrowed from the bank on a ten percent sixmonth note. The bank statement shows the $ as a deposit.
Sullivan Company recorded a $ payment for repairs as $
Required
a Prepare a bank reconciliation for Sullivan Company at July
b Prepare the journal entry or entries necessary to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation.
Note: Do not round answers enter using two decimal places, when needed.
Bank reconciliation Journal entries
Please answer all parts of the question.
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