Acc280 Financial Accounting: E8-11 The following information pertains to Family Video Company

Acc280 Financial Accounting

E8-11
The following information pertains to Family Video Company.
1. Cash balance per bank, July 31, $7,263
2. July bank service charge not recorded by the depositor $28.
3. Cash balance per books, July 31, $7,284.
4. Deposits in transit, July 31, $1,500.
5. Bank collected $900 note for Family in July, plus interest $36, less fee $20. The collection has not been recorded by Family, and no interest has been accrued.
6. Outstanding checks, July 31, $591.

Instructions
Prepare a bank reconciliation at July 31.
Powered by