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help asap On August 2, Northern Motel receives its bank statement (shown below). The company deposits its receipts in the bank and makes all payments
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On August 2, Northern Motel receives its bank statement (shown below). The company deposits its receipts in the bank and makes all payments by check. The debit memo for $83 is for an NSF check written by T. R. Royce. Check no. 1617 for $64.30, payable to Mitchel Company (a crecitor). was incorrectly recorded in the checkbook and journal as $46,30. The ledger baiance of cesh as of July 31 is $2032.32. Outstanding checks as of July 31 are no. 1631, $120.15; no. 1632. $93.90; and no. 1633, $181,44. The accountant notes that the July 31 deposit of $672 did not appear on the bank statement. PLEASE EXAMINE THTS STATEMENT CAREFULLY, AEPORT ANY POSSIALE ERAORS WITUN 10 DAYS. 1. Prepare a bahk inconciliation as of July 31 assuming that the detit memos have not been recorted. found your answens to the neareat cent. 2. Record the neceseary journal entries. Eiror in recording CK. No. 1617 payable to Mitchel Company. 3. Complete the bank form to determine the adjusted balance of cash. 2 mbte Check. My Wok uses temairing Step by Step Solution
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