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Part B Question 1 Success Company has just received its bank statement for the month of July 2017 from its bank. No outstanding checks were
Part B Question 1 Success Company has just received its bank statement for the month of July 2017 from its bank. No outstanding checks were carried over from June and no deposits in transits were noted at the end of June. The bank statement and the cash account, summarized below, are to be reconciled for the month of July 2018. Cash Account Balance, July 1 Deposits Checks written $1,310 33,000 (20,508) Bank Statement Balance, July 1 Deposits recorded Notes collected as agent Interest collected for July Service charges Checks cleared NSF check Balance, July 31 $ 1,310 19,456 10,100 360 (100) (18,400) (180) $12,546 Balance, July 31 $13,802 Required: (a) Prepare the Bank Reconciliation Statement of Success Company for the month of July 2013 Success Company Bank Reconciliation July 31, 2017 Book Balance of Cash: $13,802 Bank Statement Balance: $12,546 (b) Prepare the journal entries to adjust the account at 31 July, 2018
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