Question
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation
Nancy Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $23,800 Add: Deposits in transit 5,236 Deduct: Outstanding checks (6,800 ) Balance per books $22,236
| Balance July 31 | $29,410 | $31,450 | ||
|---|---|---|---|---|
| July deposits | 15,300 | 19,754 | ||
| July checks | 13,600 | 10,540 | ||
| July note collected (not included in July deposits) | 5,100 | |||
| July bank service charge | 51 | |||
| July NSF check from a customer, returned by the bank (recorded by bank as a charge) | 1,139 |
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Accounting and Auditing Research Tools and Strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
9th edition
1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915
