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On July 31, 2019, Cullumber Company had a cash balance per books of $6,250.00. The statement from Dakota State Bank on that date showed a
On July 31, 2019, Cullumber Company had a cash balance per books of $6,250.00. The statement from Dakota State Bank on that date showed a balance of $7,800.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $20.0o. 2. The bank collected $1,630 for Cullumber Company through electronic funds transfer 3. The July 31 receipts of $1,308.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31 C receits or 1,308.30 th 4. Company check No. 2480 issued to L. Taylor, a creditor, for $394.00 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $349.00 mpany tinhebak de that clear tra the bank decorrectiy entered as a cash to L Tay nded inh S. Checks outstanding on July 31 totaled $1,979.10. 6. On July 31, the bank statement showed an NSF charge of $685.00 for a check received by the company from W. Krueger, a customer, on account. the bank stat1 oe any from w Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.) CULLUMBER COMPANY Bank Reconciliation
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