%24%24%24The bank statement for Blossom Company indicates a balance of $880 on July 31. The cash balance per books had abalance 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.1.Outstanding checks totaled $380.Bank service charges for July amounted to $38.3.4.The bank collected a note receivable for the company for $1,200 plus $58 interest revenue.5.An NSF check for $320 from a customer was returned with the statement.(a)Your answer is correct.Prepare a bank reconciliation for July 31.BLOSSOM COMPANYBank ReconciliationJuly 31Cash Balance Per Bank88Deposit in TransitA pp006Outstanding Checks08Adjusted Cash Balance Per Bank v%24Cash Balance Per BooksCollection of Note and Interest12581758evelA SseNSF Check320Bank Service Charge38358nere to search直 %24358Adjusted Cash Balance Per Books vClick if you would like to Sshow Work for this question: Open Show WorkSHOW LIST OF ACCOUNTSNOLLN1OS MOHSSHOW ANSWERLINK TO TEXTAttempts: 1 of 3 used(9) AYour answer is partially correct. Try again.Prepare any adjusting entries necessary as a result of the bank reconciliation. (Credit account titles are automaticallyindented when the amount is entered. Do not indent manually.)Date Account Titles and ExplanationDebitCreditJuly. 31 Cash1258Interest Receivable1258LevelNotes Receivable1258(To record collection of note receivable and interest by the bank)-因31 Ensmu38Cash358(To record NSF check)t Level31 Cash006deposit in transitStudy006Click if you would like to Show Work for this question: Open Show WorkSHOW LIST OF ACCOUNTSe here to search直。

(a) In the books of BLOSSOM COMPANY Bank reconciliation statement (amount in $) Particulars…

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. An NSF check for $320 from a customer was returned with the statement. 1. 2. 3. 4. 5.

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. An NSF check for $320 from a customer was returned with the statement. 1. 2. 3. 4. 5.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5PA

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