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Bank Reconciliation

The following data were accumulated for use in reconciling the bank account of Nakajima Co. for July:

Cash balance according to the company's records at July 31, $17,400.

Cash balance according to the bank statement at July 31, $18,580.

Checks outstanding, $3,530.

Deposit in transit, not recorded by bank, $2,840.

A check for $170 issued in payment of an account was erroneously recorded in the check register as $710.

Bank debit memo for service charges, $50.

Prepare a bank reconciliation, using the format shown in Exhibit 12.

Nakajima Co. Bank Reconciliation July 31

Cash balance according to bank statement	$fill in the blank 955a46f9304ffe0_1

	- Select -

	- Select -
Adjusted balance	$fill in the blank 955a46f9304ffe0_6
Cash balance according to company's records	$fill in the blank 955a46f9304ffe0_7

	- Select -

	- Select -
Adjusted balance	$fill in the blank 955a46f9304ffe0_12

Question Content Area

b. If the balance sheet is prepared for Nakajima Co. on July 31, what amount should be reported for cash? $fill in the blank d8beae09a070fc8_1

c. Must a bank reconciliation always balance (reconcile)?