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On July 31, the companys Cash account has a $25,296 debit balance, but its July bank statement shows a $27,610 cash balance. Check Number 3031
On July 31, the companys Cash account has a $25,296 debit balance, but its July bank statement shows a $27,610 cash balance. Check Number 3031 for $1,490, Check Number 3065 for $521, and Check Number 3069 for $2,258 are outstanding checks as of July 31. Check Number 3056 for July rent expense was correctly written and drawn for $1,240 but was erroneously entered in the accounting records as $1,230. The July bank statement shows the bank collected $5,500 cash on
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