Questions and Bank Reconciliation ProblemQuestion 26 of 27< >50 / 100View PoliciesShow Attempt HistoryCurrent Attempt in ProgressThe following information pertains to Concord Corporation.1.Cash balance per bank, July 31, $7,763.2.July bank service charge not recorded by the depositor $37.3.Cash balance per books, July 31, $7,784.4.Deposits in transit, July 31, $1,750.5.The bank collected $1,166 in July for Concord through electronic funds transfer. The collection has not been recorded byConcord.6.Outstanding checks, July 31, $600.(a)Your answer is correct.Drena o orOcenciliotionat luly 21 (List itoms thease coch halance fret Docencile cahaloII Questions and Bank Reconciliation ProblemQuestion 26 of 2750 / 100(b)Journalize the adjusting entries at July 31 on the books of Concord Corporation. (Credit account titles are automatically indentedwhen amount is entered. Do not indent manually.)DateAccount Titles and ExplanationDebitCreditJuly 31(To record the collection of accounts receivable.)July 31(To record the bank service charge.)eTextbook and MediaAssistance UsedList of Accounts

A adjusting jounral entry is an entry in a company general leger that occur at the end of the…

now Attempt History urrent Attempt in Progress The following information pertains to Concord Corporation. 1. Cash balance per bank, July 31, $7,763. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,784. 4. Deposits in transit, July 31, $1,750. 5. The bank collected $1,166 in July for Concord through electronic funds transfer. The collection has not been recorded by Concord. 6. Outstanding checks, July 31, $600.

now Attempt History urrent Attempt in Progress The following information pertains to Concord Corporation. 1. Cash balance per bank, July 31, $7,763. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,784. 4. Deposits in transit, July 31, $1,750. 5. The bank collected $1,166 in July for Concord through electronic funds transfer. The collection has not been recorded by Concord. 6. Outstanding checks, July 31, $600.

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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