PAGE 1 MEMBER FDIC ACCOUNT NUMBER FROM 7/01/20 TO 7/31/20- BALANCE AMERICAN NATIONAL BANK OF DETROIT DETROIT, MI 48201-2500 (313)933-8547 9,433.80 9 DEPOSITS 6,086.35 20 WITHDRAWALS ROCKY MOUNTAIN INTERIORS 4 OTHER DEBITS AND CREDITS NEW BALANCE DEPOSITS -DATE -* -BALANCE. 3,688.00OR 10,956.74 CHECKS AND OTHER DEBITS No.680 310.10 No.612 92.80 No.602 85.50 No.614 243.80 No.618 380.10 No.616 279.90 No.617 395.50 No.618 436.40 No.619 320.10 No.620 238.87 No.621 309.50 No.624 707.01 No.628 188.63 No.626 880.03 No.62 318.73 No.629 329.90 No.830 882.80 No.631 1,081.86 N8P 480.00 No.628 837.70 No.633 310.08 07/01 07/03 07/06 780.80 10,041.80 10,113.30 10,101 10,123.37 13,108.86 12,888.20 12,609.67 10,098.31 819.24 580.70 M8 4,000.00 M8 160.00 Rocky Mountain Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank state- ment as of July 31 have been taken from various documents and records and are re- produced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account. /21 07/24 10,380.24 10,981.74 10,986.74 BANK RECONCILIATION FOR PRECEDING MONTH (DATED JUNE 30): Cash balance according to bank statement Add deposit of June 30, not recorded by bank . . . . . . . . . . . . . /31 $9,422.80 EC-ERROR CORREOTION MS-MISCELLANEOU8 NSF-NOT SUFFICIENT FUNDS OD OVERDRAFT PS- PAYMENT STOPPED SC SERVICE CHARGE Deduct outstanding checks $310.10 THE RECONCILEMENT OF THIS STATEMENT WITH YOUR RECORDS IS ES8ENTIAL ANY ERROR OR EXCEPTION SHOULD BE REPORTED IMMEDIATELY 0 137.50 625.60 $9,578.00 $ 9,605.70 $9,578.00 $9,578.00 CASH RECEIPTS FOR MONTH OF JULY 6,158.60 Cash balance according to company's records . . . . . . . . . . . . . . . . . DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in July: CASH ACCOUNT Amount Amount Amount Balance as of July 1 $508.70 CHECKS WRITTEN 701.80 Number and amount of each check issued in July: 31 925.05 check NO. Instructions Amount ec 0 Amount Chec Amount 628 629 1. Prepare a bank reconciliation as of July 31 If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts $243.50 622 329.90 395.50 435.40 320.10 328.87 624 707.01 payable. 2. Journalize the necessary entries. The accounts have not been closed 3. What is the amount of Cash that should appear on the balance sheet as of July 31? 4.- Assume that a canceled check for $125 has been incorrectly recorded by the bank as $1,250. Briefly explain how the error would be included in a bank reconcili 634 503.30 Total amount of checks issued in July $8,405.01 ation and how it should be corrected