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signment/takeAssignmentMain.do?inwoker-&takeAssignmentSessionLocator-assignment-take&inprogress false Show Me Ho Bank Recondiliation and Entries The cash account for Stone Systems at July 31 indicated a balance of $17,750. The bank
signment/takeAssignmentMain.do?inwoker-&takeAssignmentSessionLocator-assignment-take&inprogress false Show Me Ho Bank Recondiliation and Entries The cash account for Stone Systems at July 31 indicated a balance of $17,750. The bank statement indcated a balance of $33,650 on July 31. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconcling tems a-checks outstanding totaled $ 17,865 b. A deposit of $9,150, representing receipts of July 31, had been made too late to appear on the bank statement. c The bank had collected $6,095 on a note left for collection. The face of the note was $5,750 d. A check for $390 returned with the statement had been incorrectly recorded by Stone Systems as $930. The check was for the payment of an obligation to Holland Co, for the purchase of office supplies on account e. A check drawn for $1,810 had been incorrectly charged by the bank as $1,180. t. Bank service charges for July amounted to $80 Required: 1. Prepare a bank recondiliation. Stone Systens Bank Reconciliation Cash balance according to bank stabement dd deposit o July 31, not recoeded by bank Deduct outstanding checks Deduct bank enor in charging check as $1,180 instead of $1.810 17.865 630 18.495 stad balance Cash balance according to company's records Add note and interest collected by bank KPy Next F10 F11 9 0 SPACE O P KL ENTER
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