Prepare the bank reconciliation for Sawyer Cup by determining the correct balances for both book and bank. Prepare any required journal entries.
1. Cash balance per bank 9136.
2. Cash balance per book 8490
3. July bank service charges not recorded by the depositor $25
4. Deposit in transit July31 $780
5. Error made by silver key in recording check 1156 to the utility company 245 instead of 345.
6. Outstanding check July 31 $1551.
Correct balances

Question

15-07-2020
Business

contestada

Prepare the bank reconciliation for Sawyer Cup by determining the correct balances for both book and bank. Prepare any required journal entries.
1. Cash balance per bank 9136.
2. Cash balance per book 8490
3. July bank service charges not recorded by the depositor $25
4. Deposit in transit July31 $780
5. Error made by silver key in recording check 1156 to the utility company 245 instead of 345.
6. Outstanding check July 31 $1551.
Correct balances

Respuesta :

Otras preguntas

Compare the lap-only seatbelt design to the lap-plus-shoulder seatbelt design. What are the advantages of shoulder belts in terms of forces? thank you

GIVING 100 POINTS The 1830 Indian Removal Act ordered the relocation of Indigenous people to O Indian Territory east of the Mississippi River. O Indian Territor

Finding the lope and y-intercept of a line.

The table shows the amount of time four students practiced the trumpet one day. Which list shows the names of the students in order from the least amount of pra

Given (x – 7)^2 = 36, select the values of x. x = 13, x = 1, x = –29, x = 42

On December 13,2007 one U.S. dollar was worth 0.69 euro On that date, how many dollars was 110.66 euro worth? Round your answer to the nearest hundredth of a do

#5 i Use the figure to find the measures of the numbered angles. faſse 49° 5 6 25 = 26 = O Explain your reasoning. BIU E T² T₂ 4

PLEASE HELP WILL GIVE 40 POINTS, 5 STAR RATING, AND BRAINLIEST, PLEASE HELP ASAPPP!!!!!, if wrong will report and give a 0 rating on personal account. PLEASE HE

What is 52 increased by 18

Write out expanded and condensed structural formulas for methane, CH4; ethane C2H6; propane, C3H6; pentane, C5H12; hexane, C6H14

tutorAnne tutorAnne · Answer 1 · 2020-07-19T03:29:01+02:00

Answer: Please see explanation column for answer

Explanation:A bank reconciliation is a document that compares records of the bank with a company's book account and corrects any discrepancies if any so as to ensure they are aligned. This helps to monitor and rule out fraud of any sort.

Bank reconciliation for Sawyer Cup for July

Ending Cash Balance from the Bank $9,136

add:

Deposit in transit + $780

Subtotal $9,916

Deduct:

Outstanding check - $1551

Adjusted Bank Balance $8,365

Ending Cash Balance from the Company's book $8,490

Deduct:

bank service charges -$25

Error made on check 1156 (345-245) -$100

Adjusted Book Balance $8,365