Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a nig

Question

Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of July 31 have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account.

DUPLICATE DEPOSIT TICKETS:

Date and amount of each deposit in July:

Date

Amount

Date

Amount

Date

Amount

CHECKS WRITTEN: Number and amount of each check issued in July:

Check No.

Amount

Check No.

Amount

Check No.

Amount

Total amount of checks issued in July: $8,379.42

JULY BANK STATEMENT:

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BANK RECONCILIATION FOR PRECEDING MONTH (DATED JUNE 30): Cash balance according to bank statement $9,422.80 Add deposit of June 30, not recorded by bank 780.80 $10,203.60 Deduct outstanding checks: No. 580 $310.10 No. 602 85.50 No. 612 92.50 No. 613 137.50 625.60 Adjusted balance $ 9,578.00 Cash balance according to company’s records $ 9,605.70 Deduct service charges 27.70 Adjusted balance $ 9,578.00

Explanation / Answer

Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a nig

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