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Exercise 7-8 (Part Level Submission) The following information pertains to Joyce Company. 1. Cash balance per bank, July 31, $8,211. 2. July bank service charge
Exercise 7-8 (Part Level Submission) The following information pertains to Joyce Company. 1. Cash balance per bank, July 31, $8,211. 2. July bank service charge not recorded by the depositor $47. 3. Cash balance per books, July 31, $8,247. 4. Deposits in transit, July 31, $3,583. 5. Note for $2,883 collected for Joyce Company in July by the bank, plus interest $45 less fee $29. The collection has not been recorded by Joyce Company, and no interest has been accrued. 6. Outstanding checks, July 31, $695.
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