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What is the true cash balance per bank as of July

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Problem - The cash account balance in the general ledger on August 31 was $50,435, recognizing receipts of $104,405 for August and cheques written during August of $90,450. Deposits in transit on August 31 were $4,125 and cheques of 52,225 were outstanding as of that date. The bank statement on August 31 had a balance of $78,255, recognizing deposits of $105,360 and withdrawals of $101,970. The withdrawals included a service charge for August of 5270 not yet reported to Morgan Building Co. What is the true cash balance per bank as of July 31?

Reference no: EM133010748

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