Current Attempt in Progress The following information relates to Blossom Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $19,840. During the month of July, Blossom recorded cash receipts of $21,000 and cash payments of $24,300 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,480 on July 31; outstanding cheques $3,850; deposits in transit $1,670; EFT collections on account that were not yet recorded on the books $2,187; NSF cheque $1,253; NSF fee $67; and bank service charges $107. Determine the cash balance per Blossom Limited's books. Cash balance $ Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.)
Current Attempt in Progress The following information relates to Blossom Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $19,840. During the month of July, Blossom recorded cash receipts of $21,000 and cash payments of $24,300 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,480 on July 31; outstanding cheques $3,850; deposits in transit $1,670; EFT collections on account that were not yet recorded on the books $2,187; NSF cheque $1,253; NSF fee $67; and bank service charges $107. Determine the cash balance per Blossom Limited's books. Cash balance $ Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.)
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 19E
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Current Attempt in Progress
The following information relates to Blossom Limited's Cash account. The reconciled cash balance from June's bank reconciliation is
$19,840. During the month of July, Blossom recorded cash receipts of $21,000 and cash payments of $24,300 in the general ledger
Cash account. An examination of the company's July bank statement shows a balance of $19,480 on July 31; outstanding cheques
$3,850; deposits in transit $1,670; EFT collections on account that were not yet recorded on the books $2,187; NSF cheque $1,253;
NSF fee $67; and bank service charges $107.
Determine the cash balance per Blossom Limited's books.
Cash balance
$
Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.)
Blossom Limited
Bank Reconciliation
July 31
$
$
Transcribed Image Text:Blossom Limited
Bank Reconciliation
July 31
$
$
$
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