1. Record the amounts that increase cash 2. Record the amounts that decrease...
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Accounting
1. Record the amounts that increase cash
2. Record the amounts that decrease cash
Spielberg Company's general ledger shows a checking account balance of $22,940 on July 31, 2018. The July cash receipts of $1,855, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $52. The bank processes all checks written by the company by July 31 and lists them on the bank statement except for one check totaling $1,430. The bank statement shows a balance of $22,463 on July 31. e ba mon coun rge stom quir Prep Required: 1. Prepare a bank reconciliation to calculate the correct ending balance of cash on July 31, 2018. (Amounts to be deducted should be indicated with a minus sign.) SPIELBERG COMPANY Bank Reconciliation July 31, 2018 Bank's Cash Balance Company's Cash Balance r ban Before reconciliation Before reconciliation Bank After reconciliation After reconciliation ank ba
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