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On July 31, 2017, Sheridan Company had a cash balance per books of $6,270.00. The statement from Dakota State Bank on that date showed a
On July 31, 2017, Sheridan Company had a cash balance per books of $6,270.00. The statement from Dakota State Bank on that date showed a balance of $7,820.80. A comparison of the bank statement with the Cash account revealed the following facts.
1. | The bank service charge for July was $22.00. | |
2. | The bank collected $1,650.00 for Sheridan Company through electronic funds transfer. | |
3. | The July 31 receipts of $1,326.30 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 L. Taylor, a creditor, for $364.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $346.00. | |
5. | Checks outstanding on July 31 totaled $1,972.10. | |
6. | On July 31, the bank statement showed an NSF charge of $705.00 for a check received by the company from W. Krueger, a customer, on account. |
Ch 3-4 Grupok Matelip P * + Canvas pasaules/course/1101459/assignment/83936627module_item_id-11893827 !!! As Datibad Ch38 Grupe U GRL- Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) SHERIDAN COMPANY Bank Recondation Account Dashboard Courses Groups Calendar Inbow Bookstore Library Tutoring HU e Textbook and Media List of Accounts * Ch 3-a Gmupark Matr-lip Pex Canvas pasaules/courses/1101459/assignments/83936627module_item_id-11893827 !!! Apa Datbed Ch38 Grupo User account CRL... Textbook and Media BENA GIYATLI List of Accounts Account Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Dachboard Date. Account Titles and Explanation Debit Credit Courses July 31. 16 Groups IH (To record electronic funds transfer received by bank) Calendar 31. Inc (To record NST check) Books 31. Library (To correct crror in recording check) Tutoring 31. (To record bank service charge) eTextbook and Media List of Accounts E
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