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Q4. The bank statement of DPLC Company for July 31 st showed a cash balance of $3,375. The company's Cash account in its general ledger
Q4. The bank statement of DPLC Company for July 31st showed a cash balance of $3,375. The company's Cash account in its general ledger showed a $2,489 debit balance. The following information was also available as of July 31st.
a. A customer's check for $250 marked NSF was returned to DPLC Company by the bank. In addition, the bank charged the company's account a $63 processing fee.
- The July 31st cash receipts, $3,125 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the July 31st bank statement.
- A $38 debit memorandum for checks printed by the bank was included with the canceled checks.
- Outstanding checks amounted to $2,863
- A customer's note for $2,250 was collected by the bank. A collection fee of $63 was deducted by the bank and the difference was deposited in the account.
- Included with the canceled checks was a check for $688, drawn on another company, DY Incorporation. Prepare a bank reconciliation as of July 31st.
Kindly, I would like a unique detailed answer and writing answer not a picture.
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