last two sides is for questions 4

Bank Reconciliation and Entries Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to recond the bank statement as of July 31 have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account. BANK RECONCILIATION FOR PRECEDING MONTH (DATED JUNE 30): Cash balance according to bank statement $9,422.80 Add deposit of June 30, not recorded by bank 780.80 $10,203.60 Deduct outstanding checks: No. 580 No. 602 No. 612 No. 613 Adjusted balance Cash balance according to company's records 625.60 $9,578.00 59.605.70 Deduct bank service charges 27.70 Adjusted balance $9.578.00 $ 9,578.00 6,465.42 CASH ACCOUNT: Balance as of July 1 CASH RECEIPTS FOR MONTH OF JULY DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in July: Date Amount Date July 2 $569.50 July 12 Amount Date Amount July 23 $ 713.45 $580.70 600.10 701.80 601.50 . 819.24 701.26 1,177.87 Amount Check No. 628 621 CHECKS WRITTEN: Number and amount of each check issued in July: Check No. Amount Check No. Amount 614 $243.50 $309.50 615 350.10 622 Void 279.90 623 Vold 617 395.50 624 707.01 618 435.40 158.63 629 $837.70 329.90 882.80 630 631 1,081.56 632 325.40 Co 6 310.08 320. 10 238.87 26 627 620 241.71 Total amount of checks issued in July $8,379.42 Click here to see JUNE BANK STATEMENT. Required: 1. Prepare a bank reconciliation as of July 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. When required, enter amounts in dollars and cents. Sunshine Interiors Bank Reconciliation July 31, 2045 Cash balance according to bank statement Adjusted balance Cash balance according to company's records Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. When required, enter amounts in dollars and cents. For a compound transaction, if an amount box does not require an entry, leave it blank. a. 2015 July 31 b. July 31 3. What is the amount of Cash that should appear on the balance sheet as of July 317 4. Assume that a canceled check for $180 has been incorrectly recorded by the bank as $1,800 Select how the error would be included in a bank reconciliation and how it should be corrected. Treatment To correct Not included in a bank reconciliation Addition to cash per depositor's records 3. What i Deduction from cash per bank statement Deduction from cash per depositor's records 4. Assum rrec bank recol Addition to cash per bank statement Treatment To correct VH Journalize a correcting entry adding $1,800 to casn La Journalize an entry deducting $1,620 from cash Request that the bank correct the error ASS kd Bate Journalize an entry adding $1,620 to cash Journalize an entry deducting $1,800 from cash correct