A credit memorandum enclosed with the july bankstatement

Reference no: EM13615500

The following information is available to reconcile HamiltonCompany's book balance of cash with its bank statement cash balanceas of July 31, 2009.

1) A credit memorandum enclosed with the July bankstatement indicates the bank collected $6000 cash on anoninterest-bearing note for Hamilton, deducted a $30 collectionfee, and credited the remainder to its account. Hamilton had notrecorded this event before receiving the statement.

2) A debit memorandum for $805 lists a $795 NSF checkplus a $10 NSF charge. The check had been received from a customer,Evan Shaw. Hamilton has not yet recorded this check as NSF.

3) Enclosed with the July statement is a $9 debit memorandum for bank services. It has not yet been recorded becauseno previous notification had been received.

4) Hamilton's July 31 daily cash recepits of$7,152 were placed in the bank's night depository on that date, butdo not appear on the July 31 bank statement.

a. Prepare the Bankreconciliation for this company as of July 31, 2009

b. Prepare the journal entries necessary tobring the company's book balance of cash into conformity with the reconciled cash balance as of July 31, 2009

Reference no: EM13615500

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