On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019, bank statement from the bank's Website. The balance shown on the bank statement was $28,800. The July 31, 2019, balance in the Cash account in the general ledger was $13,798.

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

An electronic funds transfer for $14,800 from Foncier Ricard, a customer located in France, was received by the bank on July 31.

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

The accounting records indicate that Check 1425 was issued for $66 to make a purchase of supplies. However, examination of the check online showed that the actual amount of the check was for $96.

A deposit of $860 made after banking hours on July 31 did not appear on the July 31 bank statement.

The following checks were outstanding: Check 1429 for $1,253, and Check 1430 for $145.

An automatic debit of $266 on July 31 from CentralComm for telephone service appeared on the bank statement but had not been recorded in the company's accounting records.

Required:

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

Record general journal entries for the items on the bank reconiliation that must be journalized.

Bank Rec

General Journal

Analyze

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

WESTERN IMPORTS
Bank Reconciliation Statement
July 31, 2019
Balance on bank statement
Additions:
Deductions:
Total deductions
Adjusted bank balance
Balance in books
Additions:
Deductions:
Adjusted bank balance

Journal entry worksheet

Record the EFT received on account.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 31, 2019

ecord the entry to correct for check 1422.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 31, 2019

Record the entry to correct for check 1425.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 31, 2019

Record the deposit in transit.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 31, 2019

Record the outstanding checks.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 31, 2019

Record the online payment.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
July 31, 2019

Complete this question by entering your answers in the tabs below.

Bank Rec

General Journal

Analyze

What effect on total expenses occurred as a result of the general journal entries recorded?

Total expenses will

by