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Spielberg Company's general ledger shows a cash account balance of $23,220 on July 31, 2024. Cash sales of $1,885 for the last three days
Spielberg Company's general ledger shows a cash account balance of $23,220 on July 31, 2024. Cash sales of $1,885 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $55 and an NSF check from a customer of $250. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,460. The bank statement shows a balance of $22,490 on July 31. Required: 1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. 2. Record the necessary entry(ies) to adjust the balance for cash. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) Bank's Cash Balance Per Bank Statement SPIELBERG COMPANY Bank Reconciliation July 31, 2024 Company's Cash Balance Per General Ledger Company Balance per Reconciliation Bank Balance per Reconciliation < Required 1 Required 2 >
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