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The following information is available for Park Valley Spa for July Year 1. BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 Park Valley Spa 10
The following information is available for Park Valley Spa for July Year 1. | ||||
BANK STATEMENT | ||||
STATE BANK | ||||
BOLTA VISTA, NV 10001 | ||||
Park Valley Spa 10 Main Street Bolta Vista, NV 10001 | Account number 12-4567 July 31, Year 1 | |||
Beginning balance 6/30/Year 1 | $9,031 | |||
Total deposits and other credits | $29,800 | |||
Total checks and other debits | $23,902 | |||
Ending balance 7/31/Year 1 | $14,929 | |||
Checks and Debits | Deposits and Credits | |||
Check Number | Amount | Date | Amount | |
2350 | $3,761 | July 1 | $1,102 | |
2351 | $1,643 | July 10 | $6,498 | |
2352 | $8,000 | July 15 | $4,929 | |
2354 | $2,894 | July 21 | $6,174 | |
2355 | $1,401 | July 26 | $5,963 | |
2357 | $6,187 | July 30 | $2,084 | |
DM | $16 | CM | $3,050 | |
The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1. | ||||
Date | Check Number | Amount of Check | Date | Amount of Deposit |
July 2 | 2351 | $1,643 | July 8 | $6,498 |
July 4 | 2352 | $8,000 | July 14 | $4,929 |
July 10 | 2353 | $1,500 | July 21 | $6,174 |
July 10 | 2354 | $2,894 | July 26 | $5,963 |
July 15 | 2355 | $1,401 | July 29 | $2,084 |
July 20 | 2356 | $745 | July 30 | $3,550 |
July 22 | 2357 | $6,187 | ||
Other Information | ||||
1. Check number 2350 was outstanding from June. | ||||
2. The credit memo was for collection of notes receivable. | ||||
3. All checks were paid at the correct amount. | ||||
4. The debit memo was for printed checks. | ||||
5. The June 30 bank reconciliation showed a deposit in transit of $1,102. | $1,102 | |||
6. The unadjusted Cash account balance at July 31 was $13,200. | $13,200 | |||
Required | ||||
a. Prepare the bank reconciliation for Park Valley Spa at the end of July. |
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