Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository after banking hours. The data required to reconcile the bank statement as of July 31 have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account.

BANK RECONCILIATION FOR PRECEDING MONTH (DATED JUNE 30):
Cash balance according to bank statement	$9,422.80
Add deposit of June 30, not recorded by bank	780.80

Deduct outstanding checks:
No. 580	$310.10
No. 602	85.50
No. 612	92.50
No. 613	137.50		(625.60)
Adjusted balance			$9,578.00
Cash balance according to company's records			$9,605.70
Deduct bank service charges			(27.70)
Adjusted balance			$9,578.00
CASH ACCOUNT:
Balance as of July 1			$ 9,578.00
CASH RECEIPTS FOR MONTH OF JULY			6,465.42

DUPLICATE DEPOSIT TICKETS:
Date and amount of each deposit in July:
Date		Amount		Date		Amount		Date		Amount
July 2		$569.50		July 12		$580.70		July 23		$ 713.45
5		701.80		16		600.10		26		601.50
9		819.24		19		701.26		31		1,177.87

CHECKS WRITTEN:
Number and amount of each check issued in July:
Check No.		Amount		Check No.		Amount		Check No.		Amount
614		$243.50		621		$309.50		628		$837.70
615		350.10		622		Void		629		329.90
616		279.90		623		Void		630		882.80
617		395.50		624		707.01		631		1,081.56
618		435.40		625		158.63		632		325.40
619		320.10		626		550.03		633		310.08
620		238.87		627		381.73		634		241.71
Total amount of checks issued in July										$8,379.42

Click here to see JULY BANK STATEMENT.

Required:

1. Prepare a bank reconciliation as of July 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. When required, enter amounts in dollars and cents.

JULY BANK STATEMENT: PAGE 1 MEMBER FDIC ACCOUNT NUMBER AB AMERICAN NATIONAL BANK OF DETROIT FROM 7/01/2018 TO 7/31/2018 DETROIT, MI 48201-2500 (313) 933-8547 BALANCE 9,422.80 9 DEPOSITS 6,086.35 20 WITHDRAWALS 7,656.74 SUNSHINE INTERIORS 4 OTHER DEBITS AND CREDITS 3,749.00CR NEW BALANCE 11,601.41 .----- CHECKS AND OTHER DEBITS ..- DEPOSITS - . - DATE -.- BALANCE. 07/01 310.10 85.BO No.580 No. 602 No.615 No.617 350.10 398.80 320.10 No.619 No.621 309.80 No.625 No.612 92.50 780.80 No.614 243.50 569.50 No.616 279.90 701.80 No.618 438.40 819.24 No.620 238.87 580.70 No.624 707.01 MS 4,000.00 No. 626 560.03 MS 160.00 No. 629 329.90 600.10 No.631 1,081.86 NSF 375.00 No.634 241.71 701.26 731.48 601.50 8C 36.00 158.63 318.73 882.80 325.40 07/03 07/06 07/11 07/13 07/14 07/14 07/17 07/20 07/21 07/24 07/28 07/31 9,801.00 10,041.50 10,113.30 10,101.64 10,123.37 13,106.86 12,558.20 12,509.67 10,170.31 10,304.46 11,035.91 11,637.41 11,601.41 No.627 No.630 No.632 EC - ERROR CORRECTION MS - MISCELLANEOUS NSF - NOT SUFFICIENT FUNDS OD - OVERDRAFT PS - PAYMENT STOPPED SC - SERVICE CHARGE THE RECONCILEMENT OF THIS STATEMENT WITH YOUR RECORDS IS BSSENTIAL ANY ERROR OR EXCEPTION SHOULD BE REPORTED IMMEDIATELY. Sunshine Interiors Bank Reconciliation July 31, 2045 Cash balance according to bank statement Adjusted balance Cash balance according to company's records DL D Adjusted balance