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On July 31, 2022, Keeds Company had a cash balance per books of $6,140. The statement from Dakota State Bank on that date showed
On July 31, 2022, Keeds Company had a cash balance per books of $6,140. The statement from Dakota State Bank on that date showed a balance of $7,690.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $25. 2. The bank collected $1,520.00 for Keeds Company through electronic funds transfer. 3. 4. The July 31 receipts of $1,193.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $384 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $348. 5. Checks outstanding on July 31 totaled $1,860.10. 6. On July 31, the bank statement showed an NSF charge of $575.00 for a check received by the company from W. Krueger, a customer, on account. Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) KEEDS COMPANY Bank Reconciliation > > > eTextbook and Media $ 1A $ 1A $ 1A $ LA $ KEEDS COMPANY Bank Reconciliation Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) Error in recording check No. 2480 Bank service charge Deposits in transit Electronic funds transfer received Cash balance per bank statement Outstanding checks NSF check Adjusted cash balance per bank 1A > > > LA $ 1A $ +A eTextbook and Media LA $ Bank Reconciliation Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) KEEDS COMPANY Add Less 1A > LA $ LA 1A $ +A > > eTextbook and Media
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