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On July 31.2017.Sandhill Co. had a cash balance per books of $6.285.00. The statement from Dakota State Bank on that date showed a ballance of
On July 31.2017.Sandhill Co. had a cash balance per books of $6.285.00. The statement from Dakota State Bank on that date showed a ballance of $ 7835.80. A comparison of the bank statement with the Cash account revealed the following facts. 1 The bank service charge for July was $17.00. The bank collected $1.665.00 for Sandhill Co. through electronic funds transfer 3. The July 31 receipts of $1.346.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31 4. Company check No. 2480 issued to L Taylor, a creditor, for $ 384.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $348.00 5. Checks outstanding on July 31 totaled $ 2.005.10. 6. On July 31, the bank statement showed an NSF charge of $72000 for a check received by the company from W. Krueger, a customer,on account. Prepare the bank reconciliation as of July 31 (List ltems that increase balance as per bank & books first.) SANDHILL CO
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