Exercise 7-24

Angela 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$7,000

Add: Deposits in transit1,540

Deduct: Outstanding checks(2,000

)

Balance per books$6,540

Month of July Results

Per Bank

Per Books

Balance July 31$8,650$9,250July deposits5,0005,810July checks4,0003,100July note collected (not included in July deposits)1,000July bank service charge15July NSF check from a customer, returned by the bank (recorded by bank as a charge)335

Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.