Problem 6 21A Bank reconciliation and adjustments to the cash account LO 6 3 The following information is available for Park Valley Spa for July Year 1 BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 Park Valley Spa 10 Main Street Bolta Vista, NV 10001 Account number 12 4567 July 31, Year 1 Beginning balance 6 30 Year 1 $ 9,140 Total deposits and other credits 29,802 Total checks and other debits 22,511 Ending balance 7 31 Year 1 16,431 Checks and Debits Deposits and Credits Check No Amount Date Amount 2350 $ 3,762 July 1 $ 1,108 2351 1,645 July 10 6,499 2352 7,997 July 15 4,934 2354 1,405 July 21 6,171 2355 6,180 July 26 5,963 2357 1,505 July 30 2,082 DM 17 CM 3,045 The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1 Date Check No Amount of Check Date Amount of Deposit July 2 2351 $ 1,645 July 8 $ 6,499 July 4 2352 7,997 July 14 4,934 July 10 2353 2,896 July 21 6,171 July 10 2354 1,405 July 26 5,963 July 15 2355 6,180 July 29 2,082 July 20 2356 72 July 30 3,545 July 22 2357 1,505 Other Information Check no 2350 was outstanding from June The credit memo was for collection of notes receivable All checks were paid at the correct amount The debit memo was for printed checks The June 30 bank reconciliation showed a deposit in transit of $1,108 The unadjusted Cash account balance at July 31 was $13,980 Required a Prepare the bank reconciliation for Park Valley Spa at the end of July b Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance Complete this question by entering your answers in the tabs below Required A Required B Prepare the bank reconciliation for Park Valley Spa at the end of July PARK VALLEY SPA Bank Reconciliation July 31, Year 1 Unadjusted Bank Balance, July 31, Year 1 0 0 True Cash Balance, July 31, Year 1 Unadjusted Book Balance, July 31, Year 1 True Cash Balance, July 31, Year 1 $ 0 View transaction list X A Record the collection of notes receivable B Record cash paid for office supplies expenses Credit Note journal entry has been entered Record entry Clear entry View general journal

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Problem 6-21A Bank reconciliation and adjustments to the cash account LO 6-3 The following information is available for Park Valley Spa for July Year 1:

Problem 6-21A Bank reconciliation and adjustments to the cash account LO 6-3

The following information is available for Park Valley Spa for July Year 1:

BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001
Park Valley Spa 10 Main Street Bolta Vista, NV 10001			Account number 12-4567 July 31, Year 1
Beginning balance 6/30/Year 1			$	9,140
Total deposits and other credits				29,802
Total checks and other debits				22,511
Ending balance 7/31/Year 1				16,431
Checks and Debits			Deposits and Credits
Check No.	Amount		Date		Amount
2350	$	3,762	July	1	$	1,108
2351		1,645	July	10		6,499
2352		7,997	July	15		4,934
2354		1,405	July	21		6,171
2355		6,180	July	26		5,963
2357		1,505	July	30		2,082
DM		17	CM			3,045

The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1:

Date		Check No.	Amount of Check		Date		Amount of Deposit
July	2	2351	$	1,645	July	8	$	6,499
July	4	2352		7,997	July	14		4,934
July	10	2353		2,896	July	21		6,171
July	10	2354		1,405	July	26		5,963
July	15	2355		6,180	July	29		2,082
July	20	2356		72	July	30		3,545
July	22	2357		1,505

Other Information

Check no. 2350 was outstanding from June.
The credit memo was for collection of notes receivable.
All checks were paid at the correct amount.
The debit memo was for printed checks.
The June 30 bank reconciliation showed a deposit in transit of $1,108.
The unadjusted Cash account balance at July 31 was $13,980.

Required a. Prepare the bank reconciliation for Park Valley Spa at the end of July. b. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.

image text in transcribed

Complete this question by entering your answers in the tabs below. Required A Required B Prepare the bank reconciliation for Park Valley Spa at the end of July. PARK VALLEY SPA Bank Reconciliation July 31, Year 1 Unadjusted Bank Balance, July 31, Year 1 0 0 True Cash Balance, July 31, Year 1 Unadjusted Book Balance, July 31, Year 1 True Cash Balance, July 31, Year 1 $ 0 View transaction list X A Record the collection of notes receivable. > B Record cash paid for office supplies expenses. Credit Note : journal entry has been entered Record entry Clear entry View general journal