The following information pertains to PQR Company. 1. Cash balance per bank, July 31, $7,263. 2. July bank service charge not recorded by the depositor $28. 3. Cash balance per books, July 31, $7,284. 4. Deposits in transit, July 31, $1,500. 5. Bank collected $900 note for PQR in July, plus interest $36, less fee $20. The colection has not been recorded by PQR, and no interest has been accrued. 6. Outstanding checks, July 31, $591. Required: Prepare a bank reconciliation at July 31.

The following information pertains to PQR Company. 1. Cash balance per bank, July 31, $7,263. 2. July bank service charge not recorded by the depositor $28. 3. Cash balance per books, July 31, $7,284. 4. Deposits in transit, July 31, $1,500. 5. Bank collected $900 note for PQR in July, plus interest $36, less fee $20. The colection has not been recorded by PQR, and no interest has been accrued. 6. Outstanding checks, July 31, $591. Required: Prepare a bank reconciliation at July 31.

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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