Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need help in understanding how to calculate the ones that I got wrong. The following information pertains to Joyce Company. Prepare a bank reconciliation
I need help in understanding how to calculate the ones that I got wrong.
The following information pertains to Joyce Company.
Prepare a bank reconciliation at July 31, 2014.
1. Cash balance per bank, July 31, $7,328. 2. July bank service charge not recorded by the depositor $38. 3. Cash balance per books, July 31, $7,364. 4. Deposits in transit, July 31, $2,700. 5. Note for $2,000 collected for Joyce Company in July by the bank, plus interest $36 less fee $20. The collection has not been recorded by Joyce Company, and no interest has been accrued. 6. Outstanding checks, July 31, $686Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started