Time: 07153 PM / Exercise 219 The bank statement for Adcock Company indicates a

ID: 2429868 • Letter: T

Question

Time: 07153 PM / Exercise 219 The bank statement for Adcock Company indicates a balance of $830 on July 31. The cash balance per books had a batancs of $390 the bank transactions for the company pertains to . Deposit of $840, representing cash receipts of July 31, did not appear on the bank statement 2. Outstanding checks totaled $390. 3. Bank service charges for June amounted to $30 5. A NSF check for $328 from a customer was returned with the statement. Prepare a bank reconciliation for July 31 Bank July 31 dy

Explanation / Answer

ADCOCK COMPANY

Bank Reconciliation

July 31

Cash balance as per books

$ 390

Add:

Checks Outstanding

390

Note receivable collected

1248

$ 1638

Less:

Deposit not appear in bank statement

840

Bank service charge

Customer check returned

328

$ (1198)

Balance as per Bank statement

$ 830