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On July 31, 2022, Kads Company had a cash balance per books of $6,140. The statement from Dakota State Banik on that date showed a
On July 31, 2022, Kads Company had a cash balance per books of \$6,140. The statement from Dakota State Banik on that date showed a balance of $7,690.90. A comparison of the banik statement with the Cash account revealed the following facts. 1. The bankservice charze for July was $25. 2. The bank collacted $1,520.00 for Kaeds Company through elactronic funds tranafer. 3. The July 31 receipts of $1,193.30 were not included in the bank daposits for July. These receipts ware depcaited by the company in a night depositvault on July 31 4. Company check No. 2490 issued to L. Trylar, a creditor, for \$394 that deared tha bank in July was incorrectly anterad in the cash piyments record on July 10 for $349. 5. Checks outstanding on July 31 tataled $1,860.10. 6. On July 31, the bankstatement showed an NSF charze of $575.00 for a chackraceivad by the company from W. Krueger, a custamar, on account. (a) Your answer is correct. (b) Prepare a tabular analysis for the necessary adjustments at July 31 . Include marzin axplanations for the chanzes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockhalders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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