-k-/1 EQuestion 1 of 5View PoliciesCurrent Attempt in ProgressThe following information pertains to Lily Video Company.Cash balance per bank, July 31, $8,183.July bank service charge not recorded by the depositor $35.Cash balance per books, July 31, $8,204.2.3.Deposits in transit, July 31. S1.960.Bank collected $1.360 note for Lily in July. plus interest $43, less fee $27. The collection has not been recorded by Lily, andno interest has been accrued.6.Outstanding checks. July 31. $598.(a)Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)LILY VIDEO COMPANYPeokPeconcilletion.search1.45.

Bank reconciliation statement is prepared to reconcile the balances as per financial records and the…

Question 1 of 5 < > -/1 View Policies Current Attempt in Progress The following information pertains to Lily Video Company. 1. Cash balance per bank, July 31, $8,183. 2. July bank service charge not recorded by the depositor $35. 3. Cash balance per books. July 31, $8.204. 4. Deposits in transit, July 31. $1.960. 5. Bank 'collected $1.360 note for Lily in July. plus interest $43, less fee $27. The collection has not been recorded by Lily, and no interest has been accrued. 6. Outstanding checks. July 31. $598. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) LILY VIDEO COMPANY Bank Reconciliation earch

Question 1 of 5 < > -/1 View Policies Current Attempt in Progress The following information pertains to Lily Video Company. 1. Cash balance per bank, July 31, $8,183. 2. July bank service charge not recorded by the depositor $35. 3. Cash balance per books. July 31, $8.204. 4. Deposits in transit, July 31. $1.960. 5. Bank 'collected $1.360 note for Lily in July. plus interest $43, less fee $27. The collection has not been recorded by Lily, and no interest has been accrued. 6. Outstanding checks. July 31. $598. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) LILY VIDEO COMPANY Bank Reconciliation earch

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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Required information Skip to question [The following information applies to the questions displayed below.]The August bank statement and cash T-account for Martha Company follow: BANK STATEMENT Date Checks Deposits Other Balance August 1 $ 13,600 August 2 $ 120 13,480 August 3 $ 9,300 22,780 August 4 220 22,560 August 5 160 22,400 August 9 530 21,870 August 10 130 21,740 August 15 3,100 24,840 August 21 220 24,620 August 24 15,500 9,120 August 25 5,650 14,770 August 30 620 14,150 August 30 Interest earned $ 20 14,170 August 31 Service charge 10 14,160 Cash (A) Debit Credit August 1 Balance 13,600 Deposits Checks written August 2 9,300 120 August 1 August 12 3,100 220 August 2 August 24 5,650 160 August 3 August 31 4,100 130 August 4 530 August 5 200 August 15 280 August 17 620 August 18 220 August 19…