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Current Attempt in Progress The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, $ 8,438. 2. July bank service charge
Current Attempt in Progress The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, $ 8,438. 2. July bank service charge not recorded by the depositor $ 62. 3. Cash balance per books, July 31, $ 8,474. 4. Deposits in transit, July 31, $ 3,810. View Policies 5. $3,126 collected for Blossom Company in July by the bank through electronic funds transfer. The collection has not been recorded by Blossom Company. 6. Outstanding checks, July 31, $ 710. Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) BLOSSOM COMPANY Bank Reconciliation July 31, 2022 Cash balance per bank statement $ 8438 Add V: Deposits in transit 3810 12248 Less V: Outstanding checks 710 i Adjusted cash balance per bank $ 11538 Cash balance per books $ 8474 Add Electronic funds transfer received 3126 11600 Less V: Bank service charge 62 i Adjusted cash balance per books $ 11538 (b) Prepare a tabular analysis for the adjustments at July 31 on the books of Blossom Company. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Accts. Rec. Cash + + Rev. July 31 31 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
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