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On July 31, 2027, Shamrock Company had a cash balance per books of $6265. The statement from Dakota State Bank on that date showed a
On July 31, 2027, Shamrock Company had a cash balance per books of $6265. The statement from Dakota State Bank on that date showed a balance of $7815.80. A comparison of the bank statement with the cash account revealed the following facts.
Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. Prepare a tabular analysis for the necessary adjustments at July 31 . Include margin explanations for the changes in revenues and expenses. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses 1. The bank service charge for July was $21.
2. The bank collected $1645 for Shamrock Company through electronic funds transfer
3. The July 31 receipts of $1322.30 were not included in the bank deposits for July. These receipts were deposited by the company in the night deposit vault on July 31.
4. Company check number 2480 issue to L. Taylor a creditor for $364 that cleared the bank on in July was incorrectly entered in the cash payments record on July 10 for $346
5. checks outstanding on July 31 totaled $1967.10.
6. On July 31 the bank statement showed an NSF charge of $700 for a check received by the company from W. Kruger, a customer, on account.
Prepare a tabular analysis for the necessary adjustments at July 31 include margin explanations for the changes in revenues and expenses
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