irang ils bank reconciliation for the month of July Balance per books July 31 S 25,312 Balance per bank statement July 31 $ 26,772 Checks written in July but still outstanding $3,650. Deposits of July 31 not yet recorded by bank $2,820. Check No. 705 for $350 was correctly issued and paid by bank but was recorded as $530 in the cash payments journal. Bank commission charge for July was $82. The bank collected a note receivable for the company of $1,600 plus $117 interest revenue. NSF check of customer returned by bank $285. Jessica deposited $2,150 into the bank and properly recorded it in Cash at Bank accounts but the bank credited this amount cructions nare a bank reconciliation at July 31.

Bank Reconciliation and Related Journal Entries The book balance in the checking account of Lyle's Salon as of November 30 is $3,282.95. The bank statement shows an ending balance of $2,127. By examining last month's bank reconciliation, comparing the deposits and checks written per books and per bank in November, and noting the service charges and other debit and credit memos shown on the bank statement, the following were found: An ATM withdrawal of $150 on November 18 by Lyle for personal use was not recorded on the books. A bank debit memo issued for an NSF check from a customer of $19.50. A bank credit memo issued for interest of $19 earned during the month. On November 30, a deposit of $1,177 was made, which is not shown on the bank statement. A bank debit memo issued for $17.50 for bank service charges. Checks No. 549, 561, and 562 for the amounts of $185, $21, and $9.40, respectively, were written during November but have not yet been received by the bank. The reconciliation…

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Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,300. During May, the total cash deposited was $71,330 and checks written totaled $66,230. The bank statement indicated a balance of $24,180 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $10,770. A deposit of $8,770, representing receipts of May 31, had been made too late to appear on the bank statement. The bank had collected for Brentwood Bike Co. $4,640 on a note left for collection. The face of the note was $4,280. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. A check for $630 returned with the statement had been recorded by Brentwood Bike Co. as $360. The check was for the payment of an obligation to Adkins Co. on account. Bank service charges for May amounted to $70. A check for $1,070 from Jennings…