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View Policies Current Attempt in Progress On July 31, 2022, Larkspur Company had a cash balance per books of $ 6,355. The statement from Dakota
View Policies Current Attempt in Progress On July 31, 2022, Larkspur Company had a cash balance per books of $ 6,355. The statement from Dakota State Bank on that date showed a balance of $ 7,905.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $19. 2. The bank collected $ 1,630.00 for Larkspur Company through electronic funds transfer. 3. The July 31 receipts of $ 1,309.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $ 394 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $ 349. 5. Checks outstanding on July 31 totaled $ 1,979.10. 6. On July 31, the bank statement showed an NSF charge of $ 685.00 for a check received by the company from W. Krueger, a customer, on account. (a) Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.)
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