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Coastal Enterprises provides the following bank statement and cash account information for July 2023: Bank Statement (July 2023) Description Amount ($) Beginning Balance $30,000 Deposits
Coastal Enterprises provides the following bank statement and cash account information for July 2023:
Bank Statement (July 2023)
Description | Amount ($) |
Beginning Balance | $30,000 |
Deposits | $40,000 |
Withdrawals | ($35,000) |
Bank Service Charges | ($150) |
Ending Balance | $34,850 |
Cash Account (July 2023)
Description | Amount ($) |
Beginning Balance | $25,000 |
Deposit in Transit | $10,000 |
Outstanding Checks | $15,000 |
Bank Service Charges | ($150) |
Ending Balance | ? |
Prepare a bank reconciliation statement for Coastal Enterprises' cash account as of July 31, 2023.
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