Reference no: EM132512945
The following information pertains to Cullumber Corporation.
1. Balance per bank, July 31, $6,771.
2. July bank service charge not recorded by Cullumber, $23.
3. Balance per books, July 31, $7,152.
4. Deposits in transit, July 31, $2,952.
5. Electronic collection on account (EFT) from a customer, $2,200 not yet recorded by Cullumber.
6. Outstanding cheques, July 31, $810.
7. Returned cheque from the deposit of a collection on account, $380, due to nonsufficient funds. Related bank service charge, $36. The charges will be added to the customer's account.
Question 1: Journal Entries and Bank Reconciliation?