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The following information pertains to Pina Colada Corp.. 1. 2. 3. 4. 5. Cash balance per bank, July 31. $7.503. July bank service charge not
The following information pertains to Pina Colada Corp.. 1. 2. 3. 4. 5. Cash balance per bank, July 31. $7.503. July bank service charge not recorded by the depositor $36. Cash balance per books, July 31, $7,524. Deposits in transit, July 31, $1,620. The bank collected $1.036 in July for Pina Colada through electronic funds transfer. The collection has not been recorded by Pina Colada. Outstanding checks, July 31, $599. 6. Prepare a bank reconciliation at July 31. (List items that increase cash balance first. Reconcile cash balance per bank first.) Pina Colada Corp Bank Reconciliation $ Collection of note receivable Cash balance per bank statement Bank service charge Adjusted cash balance per books Deposits in transit Adjusted cash balance per bank Outstanding checks Cash balance per books $ $ > $ Journalize the adjusting entries at July 31 on the books of Pina Colada Corp.. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation July 31 (To record the collection of accounts receivable.) July 31 (To record the bank service charge.)
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