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Problem 7-13 The cash account of Cheyenne Co. showed a ledger balance of $18,781.68 on June 30, 2017. The bank statement as of that date

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Problem 7-13 The cash account of Cheyenne Co. showed a ledger balance of $18,781.68 on June 30, 2017. The bank statement as of that date showed a balance of $19.920.00. Upon comparing the statement with the cash records, the following facts were determined. 1. 2. 3. 4. 5. There were bank service charges for June of $120.00. A bank memo stated that Bao Dar's note for $5,760.00 and interest of $172.80 had been collected on June 29, and the bank had made a charge of 2.0 on the collection. No entry had been made on Cheyenne's books when Bao Dai's note was sent to the bank for collection.) Receipts for June 30 for $16,272.00 were not deposited until July 2. Checks outstanding on June 30 totaled $10,253.04. The bank had charged the Cheyenne Co.'s account for a customer's uncollectible check amounting to $1,215.36 on June 29 A customer's check for $432.00 (as payment on the customer's Accounts Receivable) had been entered as $288.00 in the cash receipts journaby Cevenne n e 15 Check no. 742 in the amount of $491.00 had been entered in the cash journal as $419.00, and check no. 747 in the amount of $279.35 had been entered 2 .0. Both checks had been Issued to pay for purchase of equipment and were payments on Cheyenne's Accounts Payable 7. Prepare a bank reconciliation dated June 30, 2017, proceeding to a correct cash balance. (Enter answers to 2 decimal 125.02.) CHEYENNE CO. Bank Reconciliation June , 2017 Prepare entries necessary to make the books correct and complete. Use Orce Expense account for bank service charges required, select "No Entry for the accountries and enter for the credit accounts are manually.) Account Titles and Explanation w c ers to Credit the amount r y To record the increases to To record to Click if you wouldete Show work for this question on

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