The following information pertains to Concord Video Company. 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. Bank collected $1,150 note for Concord in July, plus interest $45, less fee $29. The collection has not been recorded by Concord, and no interest has been accrued. 6. Outstanding checks, July 31, $600. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CONCORD VIDEO COMPANY Bank Reconciliation Choose the accounting period Select an opening name for section one $Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section one $Enter a total amount for section one Select an opening name for section two $Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section two $Enter a total amount for section two

The following information pertains to Concord Video Company. 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. Bank collected $1,150 note for Concord in July, plus interest $45, less fee $29. The collection has not been recorded by Concord, and no interest has been accrued. 6. Outstanding checks, July 31, $600. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CONCORD VIDEO COMPANY Bank Reconciliation Choose the accounting period Select an opening name for section one $Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section one $Enter a total amount for section one Select an opening name for section two $Enter a dollar amount Select between addition and deduction : Select a reconciling item Enter a dollar amount Enter a subtotal of the two previous amounts Select between addition and deduction : Select a reconciling item Enter a dollar amount Select a closing name for section two $Enter a total amount for section two

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

(a)

Prepare a bank reconciliation at July 31. (List items that increase cash balance first.)

CONCORD VIDEO COMPANY Bank Reconciliation Choose the accounting period
Select an opening name for section one		$Enter a dollar amount
Select between addition and deduction :	Select a reconciling item		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction :	Select a reconciling item		Enter a dollar amount
Select a closing name for section one		$Enter a total amount for section one

Select an opening name for section two		$Enter a dollar amount
Select between addition and deduction :	Select a reconciling item		Enter a dollar amount
			Enter a subtotal of the two previous amounts
Select between addition and deduction :	Select a reconciling item		Enter a dollar amount
Select a closing name for section two		$Enter a total amount for section two

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

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.		Bank collected $1,150 note for Concord in July, plus interest $45, less fee $29. The collection has not been recorded by Concord, and no interest has been accrued.
6.		Outstanding checks, July 31, $600.