Exercise 218 (Part Level Su The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. Bank service charges for July amounted to $38. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 1. 2. 3. 4. 5. An NSF check for $320 from a customer was returned with the statement.
Exercise 218 (Part Level Su The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. Bank service charges for July amounted to $38. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 1. 2. 3. 4. 5. An NSF check for $320 from a customer was returned with the statement.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.2: Bank Reconciliation
Problem 1OYO
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Transcribed Image Text:Exercise 218 (Part Level Submission)
The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a
balance of $500 on this date. The following information pertains to the bank transactions for the company.
Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement.
Outstanding checks totaled $380.
1.
2.
3.
Bank service charges for July amounted to $38.
4.
The bank collected a note receivable for the company for $1,200 plus $58 interest revenue.
5.
An NSF check for $320 from a customer was returned with the statement.
(a)
Prepare a bank reconciliation for July 31.
BLOSSOM COMPANY
Bank Reconciliation
$4
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ly.
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