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Carter Inc. has the following information for July: Cash T-Account Balance, July 31$8,069Cash as per Bank Statement, July 316,522Deposits in Transit3,000Service Charges27Outstanding Checks550Interest Earned on
Carter Inc. has the following information for July:
Cash T-Account Balance, July 31$8,069Cash as per Bank Statement, July 316,522Deposits in Transit3,000Service Charges27Outstanding Checks550Interest Earned on Account30EFT Accounts Receivable Collection from Customers900
- Prepared bank reconciliation dated July 31.
- Prepared any journal entries necessary to make the accounting records correct and complete.
- What amount of cash should be reported on the July 31 Balance Sheet?
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