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2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity 3. Assume that the July 31, 2015, bank reconciliation

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2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity 3. Assume that the July 31, 2015, bank reconciliation for this company is prepared and some items and treated incorrectly. For each of the following errors, explain the etfect of the error on(i) the adju a. The company unadjusted cash account balance of $26.193 is listed on the reconciliations b. The banks collection of the S9 note less the 545 collection fee is added to the bank same bblem B-A aparebank reconciliation and record adjustments excel PFA The following information is available to reconcile Clark Cotto look balance of cash with its bank statement cash balance as at July 31, 2015. a. On July 31. the company's Cash account has a slow ce, but its July bank statement shows a $28.020 cash balance b. Check No. 3031 for $1.380 and Check No. 30-10 fot canding on the June 30 bank rec- onciliation. Check No. 3040 is listed with the July cal.ch nit Check No. 3031 is not. Also, Check No. 3065 for $336 and Check No. 3069 for S24 ritten in July, are not among the canceled checks on the July 31 statement c. In comparing the canceled checks on the bank statement with the entries in the accounting records, is found that Check No. 3056 for July rent was correctly written and drawn for $1.250 but was errone ously entered in the accounting records as $1.230. d. Acredit memorandum enclosed with the July bank statement indicates the bank collected $9.000 cal on a non-interest-bearing note for Clark, deducted a $45 collection fee and credited the remainder to its account Clark had not recorded this event before receiving the statement e. A debit memorandum for $805 lists a $795 NSF check plus a SIO NSF charge. The check had been received from a customer, Jim Shaw. Clark has not yet recorded this check as NSE 1. Enclosed with the July statement is a $15 debit memorandum for bank services. It has not yet ben recorded because no previous notification had been received .. Clark's July 31 daily cash receipts of $10,452 were placed in the bank's night depository on that diss, but do not appear on the July 31 bank statement Check Recorded Required 1. Prepare the bank reconciliation for this company as at July 31, 2015 with the reconciled cash balance as at July 31, 2015 Analysis Component bank statement cash balance and (ii) the adjusted cash account book balance. cash balance on the reconciliation 2. Prepare the journal entries necessary to bring the company's book balance of cash into conformity 3. Assume that the July 31, 2015, bank reconciliation for this company is prepared and some items and treated incorrectly. For each of the following errors, explain the etfect of the error on(i) the adju a. The company unadjusted cash account balance of $26.193 is listed on the reconciliations b. The banks collection of the S9 note less the 545 collection fee is added to the bank same bblem B-A aparebank reconciliation and record adjustments excel PFA The following information is available to reconcile Clark Cotto look balance of cash with its bank statement cash balance as at July 31, 2015. a. On July 31. the company's Cash account has a slow ce, but its July bank statement shows a $28.020 cash balance b. Check No. 3031 for $1.380 and Check No. 30-10 fot canding on the June 30 bank rec- onciliation. Check No. 3040 is listed with the July cal.ch nit Check No. 3031 is not. Also, Check No. 3065 for $336 and Check No. 3069 for S24 ritten in July, are not among the canceled checks on the July 31 statement c. In comparing the canceled checks on the bank statement with the entries in the accounting records, is found that Check No. 3056 for July rent was correctly written and drawn for $1.250 but was errone ously entered in the accounting records as $1.230. d. Acredit memorandum enclosed with the July bank statement indicates the bank collected $9.000 cal on a non-interest-bearing note for Clark, deducted a $45 collection fee and credited the remainder to its account Clark had not recorded this event before receiving the statement e. A debit memorandum for $805 lists a $795 NSF check plus a SIO NSF charge. The check had been received from a customer, Jim Shaw. Clark has not yet recorded this check as NSE 1. Enclosed with the July statement is a $15 debit memorandum for bank services. It has not yet ben recorded because no previous notification had been received .. Clark's July 31 daily cash receipts of $10,452 were placed in the bank's night depository on that diss, but do not appear on the July 31 bank statement Check Recorded Required 1. Prepare the bank reconciliation for this company as at July 31, 2015 with the reconciled cash balance as at July 31, 2015 Analysis Component bank statement cash balance and (ii) the adjusted cash account book balance. cash balance on the reconciliation

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