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Copula Companys general ledger shows a cash account balance of $23,360 on July 31, 2024. Cash sales of $1,889 for the last three days of
Copula Companys general ledger shows a cash account balance of $23,360 on July 31, 2024. Cash sales of $1,889 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $41 and an NSF check from a customer of $380. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,580. The bank statement shows a balance of $22,630 on July 31. Required: 1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. 2. Record the necessary entry(ies) to adjust the balance for
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