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The following information is available to reconcile Sleepy Time Bedding's book balance of cash with its bank statement cash balance as of July 3 1
The following information is available to reconcile Sleepy Time Bedding's book balance of cash with its bank statement cash balance as of July :
a On July the company's Cash account has a $ debit balance, but its July bank statement shows a $ cash balance.
b Check No for $ and Check No for $ were outstanding on the June bank reconciliation. Check No is listed with the July canceled checks, but Check No is not. Also, Check No for $ and Check No for $ both written in July, are not among the canceled checks on the July statement.
c In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No for July rent was correctly written and drawn for $ but was erroneously entered in the accounting records as $
d A credit memorandum enclosed with the July bank statement indicates the bank collected $ cash on a noninterestbearing note for Sleepy Time Bedding, deducted a $ collection fee, and credited the remainder to its account. Sleepy Time Bedding had not recorded this event before receiving the statement.
e A debit memorandum for $ lists a $ NSF check plus a $ NSF charge. The check had been received from a customer, Evan Shaw. Sleepy Time Bedding has not yet recorded this check as NSF
f Enclosed with the July statement is a $ debit memorandum for bank services. It has not yet been recorded because no previous notification had been received.
g Sleepy Time Bedding July daily cash receipts of $ were placed in the bank's night depository on that alate, but do not appear on the July bank statement.
What is the adjusted book balance?
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