BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 Park Valley Spa 10 Main Street Account number 12-4567 July 31, Year 1 Bolta Vista, NV 18001 Beginning balance 6/30/Year 1 Total deposits and other credits Total checks and other debits Ending balance 7/31/Year 1 $ 9,940 29,806 22,498 17,248 Checks and Debits Deposits and Credits Amount Check No. Аmount $3,762 1,645 7,995 1,398 6,181 1,497 20 Date 2350 July $1,108 6,493 4,927 6,172 5,970 2,882 3,054 1 July 10 July 15 July 21 2351 2352 2354 2355 2357 DM July 26 July 30 CM The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1: Amount of Check $1,645 7,995 2,900 1,398 6,181 72 Amount of Deposit $6,493 4,927 6,172 5,970 2,082 3,550 Date Check No. 2351 2352 2353 2354 2355 2356 2357 Date July 2 July 4 July 10 July 10 July 15 July 20 July 22 July 8 July 14 July 21 July 26 July 29 July 30 1,497 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 bank reconciliation showed a deposit in transit of $1,108. 6. The unadjusted Cash account balance at July 31 was $14,792.
BANK STATEMENT STATE BANK BOLTA VISTA, NV 10001 Park Valley Spa 10 Main Street Account number 12-4567 July 31, Year 1 Bolta Vista, NV 18001 Beginning balance 6/30/Year 1 Total deposits and other credits Total checks and other debits Ending balance 7/31/Year 1 $ 9,940 29,806 22,498 17,248 Checks and Debits Deposits and Credits Amount Check No. Аmount $3,762 1,645 7,995 1,398 6,181 1,497 20 Date 2350 July $1,108 6,493 4,927 6,172 5,970 2,882 3,054 1 July 10 July 15 July 21 2351 2352 2354 2355 2357 DM July 26 July 30 CM The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1: Amount of Check $1,645 7,995 2,900 1,398 6,181 72 Amount of Deposit $6,493 4,927 6,172 5,970 2,082 3,550 Date Check No. 2351 2352 2353 2354 2355 2356 2357 Date July 2 July 4 July 10 July 10 July 15 July 20 July 22 July 8 July 14 July 21 July 26 July 29 July 30 1,497 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 bank reconciliation showed a deposit in transit of $1,108. 6. The unadjusted Cash account balance at July 31 was $14,792.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer both questions. Answers only.
Transcribed Image Text:6.
BANK STATEMENT
STATE BANK
BOLTA VISTA, NV 10001
Park Valley Spa
10 Main Street
Bolta Vista, NV 10001
Beginning balance 6/30/Year 1
Total deposits and other credits
Total checks and other debits
Ending balance 7/31/Year 1
Account number
12-4567
July 31, Year 1
$ 9,940
29,806
22,498
17,248
Deposits and Credits
Date
July
July 10
July 15
July 21
July 26
July 30
CM
nts
Skipped
Checks and Debits
Check No.
Amount
Amount
2350
$3,762
1,645
7,995
1,398
6,181
1,497
20
1
$1,108
6,493
4,927
6,172
5,970
2,082
3,054
2351
2352
2354
2355
eBook
2357
DM
Print
The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1:
References
Amount of
Amount of
Deposit
$6,493
4,927
6,172
5,970
2,082
3,550
Date
Check No.
Check
Date
July 2
July 4
July 10
July 10
July 15
July 20
July 22
$1,645
7,995
2,906
1,398
6,181
72
1,497
July 8
July 14
July 21
July 26
July 29
July 30
2351
2352
2353
2354
2355
2356
2357
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 bank reconciliation showed a deposit in transit of $1,108.
6. The unadjusted Cash account balance at July 31 was $14,792.
Transcribed Image Text:Required
a. Prepare the bank reconciliation for Park Valley Spa at the end of July.
b. Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance.
Complete this question by entering your answers in the tabs below.
Required A
Required B
Prepare the bank reconciliation for Park Valley Spa at the end of July.
PARK VALLEY SPA
ces
Bank Reconciliation
July 31, Year 1
Unadjusted Bank Balance, July 31, Year 1
True Cash Balance, July 31, Year 1
Unadjusted Book Balance, July 31, Year 1
True Cash Balance, July 31, Year 1
KReguired A
Required B
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