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SA 7-6 Bank reconciliation and internal control The records of Anacker Company indicate a July 31 cash balance of $9,400, which includes undeposited receipts for
SA 7-6 Bank reconciliation and internal control The records of Anacker Company indicate a July 31 cash balance of $9,400, which includes undeposited receipts for July 30 and 31. The cash balance on the bank state- ment as of July 31 is $6,575. This balance includes a note of $4,000 plus $160 interest collected by the bank but not recorded in the journal. Cheques outstanding on July 31 were as follows: No. 370, $580; No. 379, $615; No. 390, $900; No. 1148, $225; No 1149, $300; and No. 1151, $750, (continued NEL
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