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On July 31, 2022, Sheffeld Compary had a cash balance per books of $6,165.70. The statement from Dakota State Bank on that date showed a
On July 31, 2022, Sheffeld Compary had a cash balance per books of $6,165.70. The statement from Dakota State Bank on that date showed a balance of $7,710.10. A comparkon 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 $1,530.00 for Keeds Compary through electronic funds transfer. 3. The July 31 receipts of $1,205.00 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 $392 that cleared the bank in July was incortectly entered as a cash payment on July 10 for $329. 5. Checks outstanding on July 31 totaled $1,683,40. 6. On July 31, the bank tatement showed an NSF charge of $576.00 for a check received by the company from W. Krueger,a customer, on account. (a) Prepare the bank reconcliation as of fuly 31 . (list items thot increose cash balonce first Round answers to 2 decimal ploces, es. 1245.25 )
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