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The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, $6960. 2. July bank service charge not recorded by the depositor
The following information pertains to Blossom Company. 1. Cash balance per bank, July 31, $6960. 2. July bank service charge not recorded by the depositor $40. 3. Cash balance per books, July 31, $7040. 4. Deposits in transit, July 31, $2840. 5. $1600 collected for Blossom Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Blossom Company. 6. Outstanding checks, July 31, $1200. BLOSSOM COMPANY Bank Reconciliation Journalize the adjusting entries at July 31 on the books of Blossom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 (To record bank service charge)
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