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 $ 9,970 Total deposits and other credits 29,802 Total checks and other debits 22,516 Ending balance 7 31 Year 1 17,256 Checks and Debits Deposits and Credits Check No Amount Date Amount 2350 $ 3,765 July 1 $ 1,108 2351 1,647 July 10 6,498 2352 8,002 July 15 4,933 2354 1,403 July 21 6,171 2355 6,182 July 26 5,962 2357 1,502 July 30 2,083 DM 15 CM 3,047 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 $ 1,647 July 8 $ 6,498 July 4 2352 8,002 July 14 4,933 July 10 2353 2,897 July 21 6,171 July 10 2354 1,403 July 26 5,962 July 15 2355 6,182 July 29 2,083 July 20 2356 73 July 30 3,554 July 22 2357 1,502 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 $14,808 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 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 $ 0 True Cash Balance, July 31, Year 1 A B Record the collection of notes receivable Note Enter debits before credits Event General Journal Debit Credit 1 Journal entry worksheet A B Record cash paid for office supplies expenses Note Enter debits before credits Event General Journal Debit Credit 2 Record entry Clear entry View general iournal

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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			$	9,970
Total deposits and other credits				29,802
Total checks and other debits				22,516
Ending balance 7/31/Year 1				17,256
Checks and Debits			Deposits and Credits
Check No.	Amount		Date		Amount
2350	$	3,765	July	1	$	1,108
2351		1,647	July	10		6,498
2352		8,002	July	15		4,933
2354		1,403	July	21		6,171
2355		6,182	July	26		5,962
2357		1,502	July	30		2,083
DM		15	CM			3,047

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	$	1,647	July	8	$	6,498
July	4	2352		8,002	July	14		4,933
July	10	2353		2,897	July	21		6,171
July	10	2354		1,403	July	26		5,962
July	15	2355		6,182	July	29		2,083
July	20	2356		73	July	30		3,554
July	22	2357		1,502

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 $14,808.

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

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 $ 0 True Cash Balance, July 31, Year 1 A B > Record the collection of notes receivable. Note: Enter debits before credits. Event General Journal Debit Credit 1 Journal entry worksheet A B Record cash paid for office supplies expenses. Note: Enter debits before credits. Event General Journal Debit Credit 2 Record entry Clear entry View general iournal