Question
On July 31, 2014, Redeker Company had a cash balance per books of $6,412. The statement from Nashota State Bank on that date showed a
On July 31, 2014, Redeker Company had a cash balance per books of $6,412. The statement from Nashota State Bank on that date showed a balance of $7,962.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $22. 2. The bank collected a note receivable of $1,698 for Redeker Company on July 15, plus $33 of interest. The bank made a $13 charge for the collection. Redeker has not accrued any interest on the note. 3. The July 31 receipts of $1,394.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to T. Laird, a creditor, for $354.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $345.00. 5. Checks outstanding on July 31 totaled $2,031.10. 6. On July 31, the bank statement showed an NSF charge of $773 for a check received by the company from K. Wagner, a customer, on account. Collapse question part (a) Prepare the bank reconciliation as of July 31. REDEKER COMPANY Bank Reconciliation July 31, 2014 $ Add: Less: $ $ Add: Less: $ $ Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Expand question part (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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