The July bank statement of Brendans Hamburgers just arrived from Liberty Bank. To prepare the bank reconciliation,
Question:
To prepare the bank reconciliation, you gather the following additional data:
a. The following checks are outstanding at July 31:
800 ...................................................................................................................... $353
802 .......................................................................................................................... 80
806 .......................................................................................................................... 32
809 ........................................................................................................................ 104
810 ....................................................................................................................... 227
811 ........................................................................................................................ 40
b. On July 31, Brendan€™s Hamburgers€™ treasurer deposited $372, but this deposit does not appear on the bank statement.
c. The bank statement includes a $600 deduction for check #1668 written by Harriet€™s Hair Salon rather than Brendan€™s Hamburgers. Brendan€™s Hamburgers notified the bank of this bank error.
d. Brendan€™s Hamburgers€™ Cash account shows a balance of $12,300 on July 31.
e. The EFT deposit for $900 was a collection of rent revenue and the EFT deposit for $350 was a collection on account.
Requirements
1. Prepare the bank reconciliation for July 31.
2. Record the entries called for by the reconciliation. Include an explanation for eachentry.
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Req 1 Brendans Hamburgers Bank Reconciliation July 31 Bank Books Balance July 31 13169 Balance ...View the full answer
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