Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2024 bank statement included the following information: The company's general ledger account had a balance of $41,143 at the end of July. Deposits outstanding totaled $7,900 and all checks witten by the company were processed by the bank except for those totaling $8,580. In addition, a $3,600 July deposit from a credit customer was recorded as a $360 debit to cash and credit to accounts recevable, and a check correctly recorded by the company as a $55 disbursement was incorrectly processed by the bank as a $550 disbursement. Required: 1. Prepare a bank reconclilation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges Complete this question by entering your answers in the tabs below. Prepare a bank reconcliation for the month of July. Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2024 bank statement included the following information: The company's general ledger account had a balance of $41,143 at the end of July. Deposits outstanding totaled $7,900 and all checks written by the company were processed by the bank except for those totaling $8,580. In addition, a $3,600 July deposit from a credit customer was recorded as a $360 debit to cash and crdit to accounts receivable. and a check correctly recorded by the company as a $55 disbursement was incorrectly processed by the bank as a $550 disbursement. Required: 1. Prepare a bank reconcilation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges. Complete this question by entering your answers in the tabs below. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. 1. Prepare a bank reconciliation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges. Complete this question by entering your answers in the tabs below. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the debits to cash revealed by the bank reconciliation. Note: Enter debits belore credits. 1. Prepare a bank reconciliation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges. Complete this question by entering your answers in the tabs below. Prepare the necessary joumal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges. Note: If no entry is required for a transadtion/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the credits to cash revealed by the bank reconciliation. Note: Enter debits before credits
