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Current Attempt in Progress The following information relates to Sunland Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,290. During the
Current Attempt in Progress The following information relates to Sunland Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,290. During the month of July, Sunland recorded cash receipts of $20,960 and cash payments of $25,850 in the general ledger Cash account. At July 31, Sunland Limited had an reconciled cash balance of $16,607. An examination of the company's July bank statement shows a balance of $19,547 on July 31; outstanding cheques $3,917; deposits in transit $1,737; EFT collections on account that were not yet recorded on the books $2,189; NSF cheque $1,251; NSF fee $69; and bank services charges $109. Prepare the necessary journal entries required on July 31 for Sunland. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit July 31 Dep 17,290. Depreciation Expense Accumulated Depreciation - Equipment (To record EFT collections on account) (To record bank service charges) (To record NSF cheque and fee) e Textbook and Media List of Accounts
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