hapter Bank Reconciliation and Entries The cash account for Stone Systems at July 31, 2045, indicated a balance of $11,730. The bank statement indicated a balance of $15,310 on July 31, 2015. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: a. Checks outstanding totaled $5,510. b. A deposit of $5,740, representing receipts of July 31, had been made too late to appear on the bank statement. c. The bank had collected $2,990 on a note left for collection. The face of the note was $2,830. d. A check for $700 returned with the statement had been incorrectly recorded by Stone Systems as $770. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on account. e. A check drawn for $900 had been incorrectly charged by the bank as $90. f. Bank service charges for July amounted to $60. Required: > 1. Prepare a bank reconciliation Calculator Pritom Chapter 07 Homework Book Show Me How e. A check drawn for $900 had been incorrectly charged by the bank as $90. f. Bank service charges for July amounted to $60. Required: 1. Prepare a bank reconciliation Stone Systems Bank Reconciliation July 31, 2015 Cash balance according to bank statement Total deductions Adjusted balance Cash balance according to company's records Adjustments: Total additions Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank. 2015 July 31 Check My Work Assignment Score: 66.67% All work saved Save and Exit Submit Total additions Dn Adjusted balance 2. Journalize the necessary entries (.) that increase cash and (b) that decrease cash. The accounts have not been closed. If an amount box does not require an entry, leave it blank 2015 July 31 lIlI II 1111 10 July 31 3. If a balance sheet were prepared for Stone Systems on July 31, 2015, what amount should be reported as cash? Check My Work All work saved Save and beat Sub Assignment Score: 66.67% MacBook Pro 99 esc $ 4 8 7 6 9 3 2 5 W E R T