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Prepare a bank reconciliation for the month of July. Journal entry worksheet Record the credits to cash revealed by the bank reconciliation. Note: Enter debits
Prepare a bank reconciliation for the month of July. Journal entry worksheet Record the credits to cash revealed by the bank reconciliation. Note: Enter debits before credits. Journal entry worksheet Record the debits to cash revealed by the bank reconciliation. Note: Enter debits before credits. Exercise 7-35 (Algo) Bank reconciliation and adjusting entries [Appendix 7A] Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2024 bank statement included the following information: The company's general ledger account had a balance of $41,143 at the end of July. Deposits outstanding totaled $7,900 and all checks written by the company were processed by the bank except for those totaling $8,580. In addition, a $3,600 July deposit from a credit customer was recorded as a $360 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $55 disbursement was incorrectly processed by the bank as a $550 disbursement. Required: 1. Prepare a bank reconciliation for the month of July. 2. Prepare the necessary journal entries at the end of July to adjust the general ledger cash account. Use the miscellaneous expense account to record the bank service charges
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