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The following is the cash data and bank statement for Eric's Boat Repair Limited for the month ended July 31, 2019 Cash Dare Irene Jinle
The following is the cash data and bank statement for Eric's Boat Repair Limited for the month ended July 31, 2019 Cash Dare Irene Jinle Debit Balance June 30 July 1 8.900 13.250 Balance deposit deposit Cheque =100 Cheque =101 Cheque #102 Cheque =103 deposit Cheque 104 Cheque =105 Cheque =106 Cheque =107 deposit Cheque =108 July 3 July 3 July 15 July 21 July 30 July 30 July 31 July 31 July 31 July 31 July 31 11,275 15,353 30,603 1,950 28,653 4,200 24.453 12,500 11.953 675 11.278 22,553 9.752 12,80 1,800 11,001 375 10.626 178 10.448 13,348 1,748 11,600 2,900 $6,450 Bank Statement for July 2019 Balance July 1, 2019 Deposits and other additions July S8.200 15.230 Bank collection 1.800 July 15 EFT credit 7.500 July 30 1.950 Cheques and other deductions =100 July =101 July 18 20 EPT debut NSF cheque July 21 =103 July 30 Service charge 12.500 360 1.750 675 5217310 Ending balance $29,20 To assist you Ariel, the company's accountant, has provided you with the following information: 1. The correct amount for cheque 101 is $4,400, the accountant made an error in recording the cheque. Cheque 101 was a payment on a supplier account. 2. The bank collection was money the bank deposited into Eric's account in error 3. The EFT deposit was for monthly rent revenue. 4. The EFT debit was for a payment of monthly insurance. 5. The NSF cheque was received from a customer. Required: A. Prepare a bank reconcilation for Eric's Boat Repair Limited for July 2019 B. Prepare the necessary adjusting entries at July 31, 2019
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