1. Cash balance per bank, July 31, $7,688. 2. July bank service charge not recorded...
50.1K
Verified Solution
Link Copied!
Question
Accounting
1. Cash balance per bank, July 31, $7,688. 2. July bank service charge not recorded by the depositor $47. 3. Cash balance per books, July 31, $7,724. 4. Deposits in transit, July 31, $3,060. 5. $2,376 collected for Sunland Company in July by the bank through electronic funds transfer. The collection has not been recorded by Sunland Company. 6. Outstanding checks, July 31, $695. SUNLAND COMPANY Bank Reconciliation Journalize the adjusting entries at July 31 on the books of Sunland Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record electronic funds transfer received by bank) July 31 (To record bank service charge) e Textbook and Media List of Accounts
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
