On August $1,2016,$ the accountant for Western Imports downloaded the company's July $31,2016,$ bank statement from the bank's Website. The balance shown on the bank statement was $$28,750.$ The July $31,2016,$ balance in the Cash account in the general ledger was $$14,183.$

Jenny Irvine, the accountant for Western Imports, noted the following differences between the bank's records and the company's Cash account in the general ledger:

a$.$ An electronic funds transfer for $$14,300$ from Foncier Ricard, a customer located in France, was received by the bank on July $31.$

b$.$ Check $1422$ was correctly written and recorded for $$1,200.$ The bank mistakenly paid the check for $$1,240.$

c$.$ The accounting records indicate that Check $1425$ was issued for $$69$ to make a purchase of supplies. However, examination of the check online showed that the actual amount of the check was for $$99.$

d$.$ A deposit of $$790$ made after banking hours on July $31$ did not appear on the July $31$ bank statement.

e$.$ The following checks were outstanding: Check $1429$ for $$1,248,$ and Check $1430$ for $$140.$

f$.$ An automatic debit of $$261$ on July $31$ from CentralComm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records.

Prepare a bank reconciliation for the firm as of July $31.$

On August $1,2016,$ the accountant for Western Imports downloaded the company's July $31,2016,$ bank statement from the bank's Website. The balance shown on the bank statement was $$28,750.$ The July $31,2016,$ balance in the Cash account in the general ledger was $$14,183.$

Jenny Irvine, the accountant for Western Imports, noted the following differences between the bank's records and the company's Cash account in the general ledger:

a$.$ An electronic funds transfer for $$14,300$ from Foncier Ricard, a customer located in France, was received by the bank on July $31.$

b$.$ Check $1422$ was correctly written and recorded for $$1,200.$ The bank mistakenly paid the check for $$1,240.$

c$.$ The accounting records indicate that Check $1425$ was issued for $$69$ to make a purchase of supplies. However, examination of the check online showed that the actual amount of the check was for $$99.$

d$.$ A deposit of $$790$ made after banking hours on July $31$ did not appear on the July $31$ bank statement.

e$.$ The following checks were outstanding: Check $1429$ for $$1,248,$ and Check $1430$ for $$140.$

f$.$ An automatic debit of $$261$ on July $31$ from CentralComm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records.

Prepare a bank reconciliation for the firm as of July $31.$

Prepare a bank reconciliation for the firm as of July $31.$

$\backslash$table$[[$WESTERN IMPORTS$],[$Bank Reconciliation Statement$],[$July $31,2016],[$Balance on bank statement$],[$Additions:$],[,,],[,,],[0],[,$$$,0],[$Deductions:$],[,,],[,,],[,,],[,,],[$Adjusted bank balance,$$,0],[$Balance in books$],[$Additions:$],[$Y$],[$P$],[2,$$$,0],[$Deductions:$],[,,],[,,],[,,],[,,0],[$Adjusted bank balance,$$,0]]$

Record general journal entries for the items on the bank reconciliation that must be journalized. $($If no entry is required for a particular transaction, select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$\backslash$table$[[1,2,3,4,5,6]]$

Record the EFT received on account.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $31,2016,,,],[,,,],[,,,],[,,,],[,,,]]$

Record general journal entries for the items on the bank reconciliation that must be journalized. $($If no entry is required for a particular transaction, select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Record the outstanding checks.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $31,2016,,,],[,,,],[,,,],[,,,],[,,,]]$

Record general journal entries for the items on the bank reconciliation that must be journalized. $($If no entry is required for a particular transaction, select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet

$1$

$4$

$5$

$6$

Record the entry to correct for check $1425.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$July $31,2016,,,],[,,,],[,,,],[$