Deposit of $$840,$ representing cash receipts of July $31,$ did not appear on the bank statement.

Outstanding checks totaled $$390.$

Bank service charges for July amounted to $$30.$

The bank collected a note receivable for the company for $$1,200$ plus $$48$ interest revenue.

A NSF check for $$328$ from a customer was returned with the statement.

$($a$)$

Your answer is correct.

Prepare a bank reconciliation for July $31.($List items that increase balance as per bank & books first.$)$

eTextbook and Media

List of Accounts

$($b$)$

X Your answer is incorrect.

Indicate any adjustments necessary as a result of the bank reconciliation.

July $31$ Increase:

Decrease:

Increase:

$($To record collection of note receivable and interest by the bank$)$

$31$ Increase:

Decrease:

$($To record NSF check$)$

$31$ Increase:

Decrease: