Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is for Michael's Logistics Company? 1. Cash balance per bank, July 31,57,140 2. July bankservice charge not recorded by the depositor, $44.

image text in transcribed
image text in transcribed
The following information is for Michael's Logistics Company? 1. Cash balance per bank, July 31,57,140 2. July bankservice charge not recorded by the depositor, $44. 3. Cash balance per books, July 31.$7,380 4. Deposits in transit, July 31,$1,310 5. Bank eollected $600 note for Michael's in July, plus interest $35, less fee $21. The cellection has not been recorded by Michaels, and no interest has been accrued 6. Outstanding cheques, July 31,$500 (a) Prepare a bank reconelilation at July 31, a.ist itemx thot increase balance as per bank \& books firat.]. (a) Prepare a bank reconciliation at July 31. (List items that increase balance as per bank Er books first) MICHAEL'S LOGISTICS COMPANY Bank Reconciliation S $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trade Based Money Laundering

Authors: John A. Cassara

1st Edition

1119078954, 9781119078951

More Books

Students also viewed these Accounting questions

Question

=+(2,5], P1) such that Fc F, and P, agrees with P on $ .

Answered: 1 week ago

Question

3. Define the attributions we use to explain behavior

Answered: 1 week ago