Question
Carol Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation
Carol Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.
June 30 Bank Reconciliation | |||
---|---|---|---|
Balance per bank | $32,200 | ||
Add: Deposits in transit | 7,084 | ||
Deduct: Outstanding checks | (9,200 | ) | |
Balance per books | $30,084 |
Month of July Results | ||||
---|---|---|---|---|
Per Bank | Per Books | |||
Balance July 31 | $39,790 | $42,550 | ||
July deposits | 20,700 | 26,726 | ||
July checks | 18,400 | 14,260 | ||
July note collected (not included in July deposits) | 6,900 | |||
July bank service charge | 69 | |||
July NSF check from a customer, returned by the bank (recorded by bank as a charge) | 1,541 |
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Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
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enter an account title |
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enter an account title |
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enter an account title |
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enter an account title |
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