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Exercise 7-11 (Part Level Submission) The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, 56,960. 2. July bank service charge
Exercise 7-11 (Part Level Submission) The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, 56,960. 2. July bank service charge not recorded by the depositor $40. 3. Cash balance per books, July 31, $7,040. 4. Deposits in transit, July 31, $2,840. 5. $1,600 collected for Blossom Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Blossom Company. 6. Outstanding checks, July 31, $1,200. (a) Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) BLOSSOM COMPANY Bank Reconciliation
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