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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
- Check number 2350 was outstanding from June.
- The credit memo was for collection of notes receivable.
- All checks were paid at the correct amount.
- The debit memo was for printed checks.
- The June 30 bank reconciliation showed a deposit in transit of $1,102.
- The unadjusted Cash account balance at July 31 was $13,200.
Required:
Prepare the bank reconciliation for Park Valley Spa at the end of July.
Note: Negative amounts should be indicated with minus sign.
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