Prepare the bank reconciliation as of july

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Reference no: EM132280416

Question - On July 31, 2017, Carla Vista Co. had a cash balance per books of $6,335.00. The statement from Dakota State Bank on that date showed a balance of $7,885.80. A comparison of the bank statement with the Cash account revealed the following facts.

1. The bank service charge for July was $19.00.

2. The bank collected $1,715.00 for Carla Vista Co. through electronic funds transfer.

3. The July 31 receipts of $1,394.30 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 $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00.

5. Checks outstanding on July 31 totaled $2,046.10.

6. On July 31, the bank statement showed an NSF charge of $770.00 for a check received by the company from W. Krueger, a customer, on account.

Required -

1. Prepare the bank reconciliation as of July 31.

2. Using the info above how determine what goes on the bank reconciliation sheet for Carla Vista Co?

Reference no: EM132280416

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