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Required information [The following information applies to the questions displayed below! Garza Production's cash account shows a $16,054 debit balance and its bank statement shows
Required information [The following information applies to the questions displayed below! Garza Production's cash account shows a $16,054 debit balance and its bank statement shows $15,329 on deposit at the close of business on June 30. 2. Outstanding checks as of June 30 total $2,186. b. The June 30 bank statement lists a $55 bank service charge c. Check No. 919, listed with the canceled checks, was correctly drawn for $789 in payment of a utility bill on June 15 Garza Production mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $798. d. The June 30 cash receipts of $2,865 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Prepare its bank reconciliation using the above information Garza Prodcution Bank Reconciliation June 30 Book balance Add Bank statement balance Aid 0 g Deduct 0 Deduct Adjusted bank balance 0 Adjusted book balance 0 $ 0 Required Information The following information applies to the questions displayed below) Garza Production's cash account shows a $15,054 debit balance and its bank statement shows $15,329 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,186 b. The June 30 bank statement lists a $55 bank service charge. c. Check No 919. listed with the canceled checks, was correctly drawn for $789 in payment of a utility bill on June 15. Garza Production mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $798 d. The June 30 cash receipts of $2,865 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement Prepare the adjusting journal entries that Garza Production must record as a result of preparing the bank reconciliation (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field.) View transaction ist Journal entry worksheet
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