Question
The following information pertains to Sunland Corporation. 1. Balance per bank, July 31, $8,508. 2. July bank service charge not yet recorded by Sunland, $25.
The following information pertains to Sunland Corporation. 1. Balance per bank, July 31, $8,508. 2. July bank service charge not yet recorded by Sunland, $25. 3. Balance per books, July 31, $8,886. 4. Deposits in transit, July 31, $2,528. 5. Electronic collection on account (EFT) from a customer, $1,687 not yet recorded by Sunland. 6. Outstanding cheques, July 31, $888. 7. Returned cheque from the deposit of a collection on account, $360, due to nonsufficient funds. Related bank service charge, $40. The charges will be added to the customers account.
1. 2. 3. The following information pertains to Sunland Corporation Balance per bank, July 31, $8,508. July bank service charge not yet recorded by Sunland, $25. Balance per books, July 31,$8.886. Deposits in transit, July 31, $2,528. Electronic collection on account (EFT) from a customer. 51,687 not yet recorded by Sunland. Outstanding cheques July 31, $888. Returned cheque from the deposit of a collection on account, $360, due to nonsufficient funds. Related bank service charge $40. The charges will be added to the customer's account. 5. 6. 7. (a) Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) SUNLAND CORPORATION Bank Reconciliation $Step by Step Solution
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