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Chandler's Chairs had an ending cash balance at July 31, 2021 in its general ledger of $10,423.75. The balance per the bank statement at July
Chandler's Chairs had an ending cash balance at July 31, 2021 in its general ledger of $10,423.75. The balance per the bank statement at July 31, 2021 was $12,058.44. A review of the bank statement and company books revealed the following items Service fees charged by the bank for July: $265.70 EFT receipt: $2.000.00 for collection of note receivable Cheques still outstanding at July 31: $3,385.89 On July 15, 2021, $500 for "CRA Refund" was added by mistake to the bank account of Chandler's Chairs, when it should have been added to the account of Joey's Juices. A deposit totaling $4,025.50 was made July 31st via the ATM machine, after the bank had already closed. Interest earned and credited to the bank account: $40.00. Required: Using the attached worksheet to record your answers, please prepare a bank reconciliation for Chandler's Chairs at July 31, 2021. A B 1 BANK RECONCLIATION 2 3 Cash balance per bank statement 4 Add: $ 5 6 7 Less: 8 9 Adjusted cash balance per bank statement 10 11 Cash balance per books 12 Add: 13 14 15 Less: 16 17 Adjusted cash balance per books 18 $ D E F Subtotal Subtotal
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