angela lansbury l Verizon 810 PM 40 a edugenwileypluscomm

l Verizon 8:10 PM * 40%. ) a edugen.wileyplus.comm Timeout alert MBA Media, Entertainment& Sports Man... WileyPLUS WileyPLUS: MyWileyPLUSI Help I Contact Us1 Leg Out WileyPLUS Kieso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (ACC 301-302-305) BACK NEXT ASSIGNMENT RESOURCES Homework Chapter 7 xercise 7-24 (Par Exercise 7-24 (Part Level Submission) Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. evel Submi June 30 Bank Reconciliation Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books $7,000 1,540 (2,000) $6,540 Objective Month of July Results Balance July 31 uly deposits July checks uly note collected (not included in July deposits) July bank service charge July NSF check from a customer, returned by the bank (recorded by bank as a charge) Per Bank $8,650 5,000 4,000 1,000 15 335 Per Books $9,250 5,810 3,100 ? (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

Solution

Working:

ANGELA LANSBURY COMPANY
Bnk Reconciliation
Jul-31
Balance as per bank	8650	Balance as per cash book	9250
Additions:		Additions:
Deposits in transit *	2350	Outstanding checks **	1100
Bank charges	15
NSF check	335	Note collected by bank	1000
Total Additions	2700	Total Additions	2100
Deductions:		Deductions:
Outstanding checks **	1100	Deposits in transit *	2350
Note collected by bank	1000	Bank charges	15
		NSF check	335
Total Deductions	2100	Total Deductions	2700
Balance as per cash book	9250		8650