The cash account of Martinez Co showed a ledger balance of $22,679 53 on June 30, 2020 The bank statement as of that date showed a balance of $24,070 Upon comparing the statement with the cash records, the following facts were determined 1 There were bank service charges for June of $145 2 A bank memo stated that Bao Dais note for $6,960 and interest of $208 80 had been collected on June 29, and the bank had made a charge of $31 90 on the collection (No entry had been made on Martinezs books when Bao Dais note was sent to the bank for collection ) 3 Receipts for June 30 for $19,662 were not deposited until July 2 4 Checks outstanding on June 30 totaled $12,389 09 5 The bank had charged the Martinez Co s account for a customers uncollectible check amounting to $1,468 56 on June 29 6 A customers check for $522 (as payment on the customers Accounts Receivable) had been entered as $348 in the cash receipts journal by Martinez on June 15 7 Check no 742 in the amount of $491 had been entered in the cash journal as $419, and check no 747 in the amount of $337 56 had been entered as $3,375 60 Both checks had been issued to pay for purchases and were payments on Martinezs Accounts Payable Prepare a bank reconciliation dated June 30, 2020, proceeding to a correct cash balance (Enter answers to 2 decimal places, e g 125 62 ) MARTINEZ CO Bank Reconciliation June 30, 2020 Add Less rs to 2 decimal places, e g 125 62 If no entry is Prepare entries necessary to make the books correct and complete Use Office Expense account for bank service charges (Enter answers to 2 decimal places, e g 125 62 If no entry is required, select No Entry for the account titles and enter o for the amounts Credit account titles are automatically indented when the amount is entered Do not indent manually ) Account Titles and Explanation Debit Credit (To record increases to cash) (To record decreases to cash)

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The cash account of Martinez Co. showed a ledger balance of $22,679.53 on June 30, 2020. The bank statement as of that date showed a

The cash account of Martinez Co. showed a ledger balance of $22,679.53 on June 30, 2020. The bank statement as of that date showed a balance of $24,070. Upon comparing the statement with the cash records, the following facts were determined.

1.		There were bank service charges for June of $145.
2.		A bank memo stated that Bao Dais note for $6,960 and interest of $208.80 had been collected on June 29, and the bank had made a charge of $31.90 on the collection. (No entry had been made on Martinezs books when Bao Dais note was sent to the bank for collection.)
3.		Receipts for June 30 for $19,662 were not deposited until July 2.
4.		Checks outstanding on June 30 totaled $12,389.09.
5.		The bank had charged the Martinez Co.s account for a customers uncollectible check amounting to $1,468.56 on June 29.
6.		A customers check for $522 (as payment on the customers Accounts Receivable) had been entered as $348 in the cash receipts journal by Martinez on June 15.
7.		Check no. 742 in the amount of $491 had been entered in the cash journal as $419, and check no. 747 in the amount of $337.56 had been entered as $3,375.60. Both checks had been issued to pay for purchases and were payments on Martinezs Accounts Payable.

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Prepare a bank reconciliation dated June 30, 2020, proceeding to a correct cash balance. (Enter answers to 2 decimal places, e.g. 125.62.) MARTINEZ CO. Bank Reconciliation June 30, 2020 | Add: Less: rs to 2 decimal places, e.g. 125.62. If no entry is Prepare entries necessary to make the books correct and complete. Use Office Expense account for bank service charges. (Enter answers to 2 decimal places, e.g. 125.62. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record increases to cash) (To record decreases to cash)