Exercise 218 (Part Level Su The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. Bank service charges for July amounted to $38. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 1. 2. 3. 4. 5. An NSF check for $320 from a customer was returned with the statement.

Exercise 218 (Part Level Su The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had a balance of $500 on this date. The following information pertains to the bank transactions for the company. Deposit of $900, representing cash receipts of July 31, did not appear on the bank statement. Outstanding checks totaled $380. Bank service charges for July amounted to $38. The bank collected a note receivable for the company for $1,200 plus $58 interest revenue. 1. 2. 3. 4. 5. An NSF check for $320 from a customer was returned with the statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Blanksheet entries for bank reconciliation
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