Question
China Imports' bank statement, as of July 31, 20xxshows a balance of $14,460.The July 31stunadjusted balance in the company's cash account is $16,250. a.The bank
China Imports' bank statement, as of July 31, 20xxshows a balance of $14,460.The July 31stunadjusted balance in the company's cash account is $16,250.
a.The bank statement indicated that China Imports earned $60 of interest revenue.
b.China Import's accountant mistakenly recorded a $430 check that was written to purchase supplies as $350.
c.Bank service charges for the month were $45.
d.The bank reconciliation disclosed that $800 had been stolen from China Imports' business.
e.Outstanding checks amounted to $2,600.
f.The bank collected $4,000 of China Imports' accounts receivable.China Imports has instructed its customers to send their payments directly to the bank.
g.The bank mistakenly gave Imports Inc. credit for a $800 deposit made by China Imports.
h.Deposits in transit were $6,200.
i.China Import's bank statement contained a $525 NSF check.China Imports had received the check from a customer and had included it in one of its bank deposits.
what is a bank reconciliation for July.
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