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QUESTION: Alphas Company had the following banking information from its bank statement dated July 31, 2017: Item Amount Cash Balance per Bank (7/3/17) $3,350 Bank

QUESTION:

Alphas Company had the following banking information from its bank statement dated July 31, 2017:

Item

Amount

Cash Balance per Bank (7/3/17)

$3,350

Bank Service Charges

75

Collection of Note Receivable from Mr. Yankee including the interest of $145

3,145

Customer (Mr. Welcher) returned cheque NSF

225

The following additional information was determined from a review of the cash payments & receipts and the cheque register for Alpha Company

The following cheques had not cleared the bank as paid:

DATE

Ck #

Accounts Payable

Amount

5/25/17

1005

Bravo Office Supply Store

$250

7/15/17

1025

Zulu Electric Company

1,900

7/30/17

1030

Bravo Office Supply Store

250

The following information was recorded in Alphas cash receipts ledger and have not yet been recorded in the bank statements:

Date

Item

Amount

5/25/17

Store Cash Sales

$200

7/31/17

Store Cash Sales

$200

7/31/17

Cheques From Store Sales

5,500

7/31/17

Cash Balance per General Ledger (7/31/17)

4,005

Prepare, in good form, the July 31, 2017 Bank Reconciliation for Alpha Company.

ANSWER:

Bank Reconciliation:

Bank Reconciliation

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