Make a

bank reconciliations

Reconciling the Bank Statement Exam - 1e Prepare a July 31 bank reconciliation statement and the resulting journal entries for the Simmons Company. The July 31 bank statement indicated a cash balance of $9,610. while the cash ledger account on that date shows a balance of $7.430. Additional information necessary for the reconciliation is shown on the next page. 20 ' Outstanding checks totaled $2,417. ' A $500 check mailed to the bank for deposit had not reached the bank at the statement date. i The bank returned a customer's NSF check for $225 received as payment of an account receivable. ' The bank statement showed $30 interest earned on the bank balance for the month of July. ' Check 781 for supplies cleared the bank for $268 but was erroneously recorded in our books as $240. It A $486 deposit by Acme Company was erroneously credited to our account by the bank