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The following information pertains to Terry's Pest Control Company (TPCC) for July: 1. The unadjusted bank balance at July 31 was $920. 2. The
The following information pertains to Terry's Pest Control Company (TPCC) for July: 1. The unadjusted bank balance at July 31 was $920. 2. The bank statement included the following items: (a) A $70 credit memo for interest earned by TPCC. (b) A $230 NSF check made payable to TPCC. (c) A $140 debit memo for bank service charges. 3. The unadjusted book balance at July 31 was $1,500. 4. A comparison of the bank statement with company accounting records disclosed the following: (a) A $450 deposit in transit at July 31. (b) Outstanding checks totaling $170 at the end of the month. Required Prepare a bank reconciliation. (Negative amounts should be indicated with minus sign.) TERRY'S PEST CONTROL COMPANY Unadjusted bank balance. Bank Reconciliation July 31 True cash balance Unadjusted book balance True cash balance
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