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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.
  6. 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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