Question
Coronado Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation
Coronado Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records.
June 30 Bank Reconciliation
Balance per bank$16,800
Add: Deposits in transit3,696
Deduct: Outstanding checks(4,800
)
Balance per books$15,696
Month of July Results
Per Bank
Per Books
Balance July 31$20,760$22,200July deposits12,00013,944July checks9,6007,440July note collected (not included in July deposits)2,400July bank service charge36July NSF check from a customer, returned by the bank (recorded by bank as a charge)804
(a)
Your answer is partially correct.Try again.
Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.
CORONADO LANSBURY COMPANY
Bank Reconciliation
July 31
CORONADO LANSBURY COMPANY
Bank Reconciliation
July 31
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Accounting Information Systems
Authors: Marshall RomneyPaul Steinbart
11th Edition
136015182, 978-0136015185
