Beginning balance 6/30/2014 $9,031 Total Deposits and other credits 29,800

| March 29, 2017

Question
Beginning balance 6/30/2014 $9,031

Total Deposits and other credits 29,800

Total check and other debits 23,902

Ending balance 7/31/2014 14,929

Checks and Debits Deposits and Credits

check No. Amount Date Amount

2350 $3,761 July 1 $1,102

2351 1,643 10 6,498

2352 8,000 15 4,929

2354 2,894 21 6,174

2355 1,401 26 5,963

2357 6,187 30 2,084

DM 16 CM 3,050

The following is a list of checks and deposits on the books of the Company for July 2014:

Date Check No. Amount of Check Date Amount of Deposit

July 2 2351 $1,643 July 8 $6,498

4 2352 8,000 14 4,929

10 2353 1,500 21 6,174

10 2354 2,894 26 5,963

15 2355 1,401 29 2,084

20 2356 745 30 3,550

22 2357 6,187

Other information:

1. Check no. 2350 was outstanding from June.

2. The credit memo was for collection of notes receivable

3. All checks were paid at the correct amount.

4. The debit memo was for printed checks.

5. The June 30 band reconciliation showed a deposit in transit of $1,102

6. The unadjusted Cash account balance at July 31 was $13,200.

Required:

1. Prepare the bank reconciliation for the company at the end of July.

2. Explain hoe the adjustment described above affect the cash account.

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