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The following information is available for Golden Image, Inc.: The bank statement indicated a monthly service charge of dollar 200. Golden Image made a deposit
The following information is available for Golden Image, Inc.: The bank statement indicated a monthly service charge of dollar 200. Golden Image made a deposit on June 30, but this deposit did not appear on the bank statement until July 6. The amount of the deposit was dollar 2,660. The bank collected an account receivable of dollar 900 from one of Golden Image s customers. The bank also collected interest revenue for Golden Image of dollar 99. The bank also returned a nonsufficient funds check for dollar 378 from John Able, one of Golden Image's customers. Checks #1874 for dollar 1, 140, #1898 for dollar 609, and #1899 for dollar 875 were written by Golden Image and sent to the respective companies, but these checks do not appear on the bank statement. The balance on the bank statement as of June 30 was dollar 16,711. On June 30, the Cash account from Golden Image's books showed an amount of dollar 16,326. Required: Prepare the bank reconciliation at June 30 for Golden Image, Inc. Prepare the necessary journal entries by Golden Image, Inc., at June 30
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