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Indicate any adjustments necessary as a result of the bank reconciliation. July 31 Increase: Notes Receivable Decrease: Cash Increase: Interest Revenue (To record collection
Indicate any adjustments necessary as a result of the bank reconciliation. July 31 Increase: Notes Receivable Decrease: Cash Increase: Interest Revenue (To record collection of note receivable and interest by the bank) 31 Increase: Cash Decrease: Accounts Receivable (To record NSF check) 31 Increase: Cash Decrease: Miscellaneous Expense (To record bank service charge) The bank statement for Adcock Company indicates a balance of S830 on uly 31. The cash balance per books was $30 on ths date The following information pertains to the bank transactions for the compamy Deposit of S840. representing cash receipts of y 31. did not appear on the bank statement. 2. Outstanding checks totaled $390. 3. Bank service charges for July amounted to $30. 4. The bank collected a note receivable for the company for $1.200 plus $48 interest revenue 5. ANSF check for $328 from acustomer was returned with the statement
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