Question
. Use the following information to reconcile Clark Cos. Book Balance of cash, with the Balance shown on the Bank Statement as of July 31,
. Use the following information to reconcile Clark Cos. Book Balance of cash, with the Balance shown on the Bank Statement as of July 31, 2015.
| a | On July 31, the companys Cash account has a $27,497 debit balance, but its July bank statement shows a $27,158 cash Balance. |
| b | There were 3 checks outstanding for $1,482; $382; and $2,281, respectively. |
| c | Clark found that a check correctly written for $1,270 of supplies, had been incorrectly recorded in Clarks accounting records as $1,720. |
| d | The Bank collected an $8,000 Note for Clark. Clark had not recorded this. |
| e | The Bank returned Clark, an $805 NSF Check and Bank Service charges for the month were $70. |
| f | A review of the bank statement revealed that a check written by Clarke Inc, for $545 had erroneously been drawn against Clarks account. |
| g | Clark placed $11,514 in the Banks night deposit box. This did not appear on the Bank Statement |
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