TENGO DUDAS

PR 8-3B Bank reconciliation and entries 1. Adjusted balance: $24,305 SHOW ME HOW OBJ. 5 The cash account for Stone Systems at July 31 indicated a balance of $17,750. The bank state-ment indicated a balance of $33,650 on July 31. Comparing the bank statement and the accom-panying canceled checks and memos with the records reveals the following reconciling items: 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. f. Bank service charges for July amounted to $80. Instructions 1. PrepARE UNA bank reconciliation. 2. Journalize the necessary entries. The accounts have not been closed. 3. If a balance sheet is prepared for Stone Systems on July 31, what amount should be reported as cash?