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The following information pertains to Novak Corp.. 1. Cash balance per bank, July 31, $7,723. 2. July bank service charge not recorded by the depositor
The following information pertains to Novak Corp..
1. Cash balance per bank, July 31, $7,723.
2. July bank service charge not recorded by the depositor $34.
3. Cash balance per books, July 31, $7,744.
4. Deposits in transit, July 31, $1,730.
5. The bank collected $1,146 in July for Novak through electronic funds transfer. The collection has not been recorded by Novak.
6. Outstanding checks, July 31, $597.
Prepare a bank reconciliation at July 31.
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