Chapter 7 Homework Bank Reconciliation July 31, 20- Bank statement balance, July 31 Add deposits in transit Deduct outstanding checks: No. 296 No. 299 No. 301 Deduct: NSF check Adjusted bank balance Book balance, July 31 Add error on Check No. 291* > Adjusted book balance 1 2345 5 31 6 eBook 8 9 31 10 11 Bank service charge DATE 20- July 31 Cash $300.00 118.00 418.00 $468.00 12.00 $3,316.80 $424.20 22.60 39.90 486.70 $3,734.80 *Accounts Payable was debited in original entry. Based on the bank reconciliation, prepare the journal entries. ACCOUNT TITLE Accounts receiv. Cash To record NSF check $3,248.10 $3,700.50 $3,728.10 27.60 Page: 480.00 $3,248.10 Accounts paya To correct error on Check No. 291 Cash Accounts receiv. To record bank service charge Show Me How Check My Work 0 more Check My Work uses remaining. DOC. POST. NO. REF. DEBIT CREDIT 468.00 468.1 1 2345F 67899 H 10 11

Based on the bank reconciliation, prepare the journal entries. 0 more Check My Work uses remaining