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Shimmer Co deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed,

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Shimmer Co deposits all receipts intact on the day received and makes all payments by cheque. On July 31, 2020, after all posting was completed, its Cosh account showed a $10,899 debit balance. However, Shimmer's July 31 bank statement showed only $10,005 on deposit in the bank on that day along with the following information 6. Outstanding cheques $2.736 b. Included with the July cancelled cheques retumed by the bank was a $54 debit memo for bank services c. Cheque 1919. returned with the cancelled cheques, was correctly drawn for $235 in payment of the utility bill and was paid by the bank on July 15 However, it had been recorded with a debit to Utilities Expense and a credit to Cash as though it were for $325 d. The July 31 cash receipts. $3.666. were placed in the bank's night depository after banking hours on that date and were unrecorded by the bank at the time the July bank statement was prepared Required: a. Prepare a bank reconciliation for Shimmer Co. at July 31 SHIMMER CO Bank Reconciliation July 31, 2020 Company's Books Book balance of cash Add: Bank Statement Bankstament bance Add Deduct Deduct Required: a. Prepare a bank reconciliation for Shimmer Co. at July 31, SHIMMER CO. Bank Reconciliation July 31, 2020 Company's Books Book balance of cash Add: Bank Statement Bank statement balance Add: Deduct: Deduct: Adjusted bank balance Adjusted book balance b. Give the journal entries that Shimmer Co should make as a result of having prepared the bank reconciliation in parte View transactions Journal entry worksheet 2 > Record to correct utilities error Note Enter det before credit General Journal Debit Credit Date Jul 31 Record entry Clear entry View general Journal b. Give the journal entries that Shimmer Co. should make as a result of having prepared the bank reconciliation in part (a). View transaction list Journal entry worksheet 1 2 > Record bank service charges. Note: Enter debits before credits General Journal Debit Credit Date Jul 31 Record entry Clear entry View general Journal

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