Problem 4-22 Bank reconciliation and adjustments to the cash account The following information is available for Sunset Valley Hotel for July 2014: Bank Statement TATE ANK Bolta Vista, NV. 10001 Sunset Valley Hotel Account number 10 Main Street 12-4567 Bolta Vista, NV 10001 July 31, 2014 Beginning balance 6/30/2014 $ 9,031 Total deposits and other credits 29,800 Total checks and other debits 23,902 Ending balance 7/31/2014 14,929 Checks and Debits Deposits and Credits Check No. Amount Date Amount 2350 $3,761 July $1, 102 2361 1,643 July 10 6,498 2362 8,000 July 15 4,929 2354 2,894 July 21 6,174 2356 1,401 July 26 5,963 2357 6,187 July 30 2,084 DM 16 CM 3,060 The following is a list of checks and deposits recorded on the books of the Sunset Valley Hotel for July 2014: Amount Amount Date Check No. of Check .Date of Deposit July 2351 $1,643 July 8 $6,498 July 2352 8,000 July 14 4,929 July - 10 2353 1,600 July 21 6,174 July 10 2364 2,894 July 26 5,963 July 15 2366 1,401 July 29 2,084 July 20 2356 745 July 30 3,560 July 22 2357 6,187other information 1- Check no. 2350 was outstanding from June. . 2- The credit memo was for collection of notes receivable. ' 3. All checks were paid at the correct amount. 4- The debit memo was for printed checks. 5- The June 30 bank reconciliation showed a deposit in transit of $1,102. 6~ The unadjusted Cash account balance at July 31 was $13,200. ' am; 158 V Chapter 4 Required :1. Prepare the: bank reconciliation for Sunset Valley Hotel at the end of July. I). Explain how the adjustments described above affect the cash account