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Prepare the bank reconciliation as of July 31 Report cash as well SPLISH BROTHERS COMPANY Bank Reconciliation $ : 4 $ $ $ $ $
Prepare the bank reconciliation as of July 31
Report cash as well
SPLISH BROTHERS COMPANY Bank Reconciliation $ : 4 $ $ $ $ $ A $ 4 $ On July 31, 2022, Splish Brothers Company had a cash balance per books of $6,350.00. The statement from Dakota State Bank on that date showed a balance of $7,900.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $17.00. 2. The bank collected $1,625.00 for Splish Brothers through electronic funds transfer. 3. The July 31 cash receipts of $1,306.30 were not included in the bank statement 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 $364.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $346.00. 5. Checks outstanding on July 31 totaled $1,947.10. 6. On July 31, the bank statement showed an NSF charge of $680.00 for a check received by the company from W. Krueger, a customer, on accountStep by Step Solution
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