Business, 21.03.2020 01:51 daniel4349

On July 31, 2014, Redeker Company had a cash balance per books of $6,304. The statement from Nashota State Bank on that date showed a balance of $7,854.80. A comparison of the bank statement with the Cash account revealed the following facts.

1. The bank service charge for July was $21.
2. The bank collected a note receivable of $1,627 for Redeker Company on July 15, plus $34 of interest. The bank made a $14 charge for the collection. Redeker has not accrued any interest on the note.
3. The July 31 receipts of $1,324.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to T. Laird, a creditor, for $364.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $346.00.
5. Checks outstanding on July 31 totaled $1,969.10.
6.
On July 31, the bank statement showed an NSF charge of $702 for a check received by the company from K. Wagner, a customer, on account.

Prepare the bank reconciliation as of July 31.

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On July 31, 2014, Redeker Company had a cash balance per books of $6,304. The statement from Nashota...

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