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 Beginning balance 6/30/Year 1 Total deposits and other credits Total checks and other debits Ending balance 7/31/Year 1 Checks and Debits Check No. Amount 2350 $3,763 2351 1,646 2352 8,000 2354 1,401 2355 6, 190 2357 1.504 DM Account number 12-4567 July 31, Year 1 $ 9, 310 29,802 22,521 16,591 Deposits and Credits Date Amount July 1 $1,101 July 10 6, 498 July 15 4,932 July 21 6,179 July 26 5,963 July 30 2,080 3,049 The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Yeart Date July Check No. 2251 2 2252 Pamount of Check $1.646 8,000 2,899 1.401 6.190 Amount of Deposit $6,496 4.932 6,179 5.963 2,080 3,545 Date July July 14 July 21 July 26 July 29 July 30 July 10 July 10 July 15 July 20 July 22 2254 2256 2057 1.504 Other 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 $1,101. 6. The unadjusted Cash account balance at July 31 was $14,132 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 Record in general Journal form any necessary entries to the Cash account to adjust it to the true cash balance. (If no required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet No Event General Journal Debit Credit Bank service charge expense Accounts payable Bandice charge expense Accounts receivable Complete this question by entering your answers in the tabs below. Required A Required B Record in general journal form any necessary entries to the Cash account to adjust it to the true cash t required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet No Event Debit Credit A General Journal Bank service charge expense Accounts payable Bank service charge expense Accounts receivable Inventory Interest revenue Inventory Meals expense No journal entry required Accounts receivable Office supplies expense Cash (Required A Complete this question by entering your answers in the tabs below. Required. 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 Add: Deposit in transit 'Add: Outstanding checks #2353 Add: Outstanding chedis #2356 Less: Outstanding cheos #2353 True Cash Balance, July 31. Year 1 Unadjusted Book Balance, July 31. Year 1 Add: Credit memo for collection of notes receivable Less: Debit memo for printed ched True Cash Balance, July 31, Year 1 Required B