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Bank Reconciliation and Entries Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository after banking hours. The data required to reconcile the bank statement as of July 31 have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters, All checks were written for payments on account. BANK RECONCILIATION FOR PRECEDING MONTH (DATED JUNE 30); Cash balance according to bank statement Add deposit of June 30, not recorded by bank Deduct outstanding checks: $9,422.80 780.80 No. 580 $310.10 No. 602 85.50 No. 612 k 92.50 No. 613 137.50 (625.60) 59,578.00 Adjusted balance Cash balance according to company's records Deduct bank service charges Adjusted balance CASH ACCOUNT: Balance as of July 1 CASH RECEIPTS FOR MONTH OF JULY 59,605.70 (27.70) 39.578.00 $ 9,575.00 6,465.42 CASH RECEIPTS FOR MONTH OF JULY 6,465.42 DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in July: Date Amount Date Amount Date Amount July 2 $569.50 July 12 $580.70 July 23 $ 713.45 5 701.80 16 600.10 26 601.50 9 819.24 19 701.26 31 1,177.87 CHECKS WRITTEN: Number and amount of each check issued in July: Check No. Amount Check No. Amount Check No. Amount 614 $243.50 621 $309.50 628 $837.70 615 350.10 622 Void 629 329.90 616 279.90 623 Void 630 882.80 617 395.50 624 707.01 631 1,081.56 618 435.40 625 158.63 632 325.40 619 320.10 626 550.03 633 310.08 620 238.87 627 381.73 634 241.71 Total amount of checks issued in July $8,379.42 Click here to see JULY BANK STATEMENT Click here to see JULY BANK STATEMENT. Required: 1. Prepare a bank reconciliation as of July 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company, Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. When required, enter amounts in dollars and cents. Sunshine Interiors Bank Reconciliation July 31, 20YS Cash balance according to bank statement Add deposit of July 31, not recorded by bank Deduct check no.1613 Deduct check no. 628 Deduct check no. 633 Adjusted balance Cash balance according to company's records Add note and interest collected by bank Adjusted balance OD Cash balance according to company's records Add note and interest collected by bank Add error in recording July 23 deposit Add error in recording check No. 627 Deduct check returned because of insufficient funds Deduct bank service charges Adjusted balance Feedback Check My Work 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. a. 20Y5 July 31 Cash II Nntos Baraula 2. Journalize the necessary entries (a.) that increase cash and (6.) that decrease cash. The accounts have not been closed. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank. a. 2015 July 31 Cash Notes Receivable Interest Revenue Sales Accounts Payable b. July 31 Accounts Receivable Miscellaneous Expense Cash Feedback 3. What is the amount of cash that should appear on the balance sheet as of July 31? JULY BANK STATEMENT: PAGE 1 AB MEMBER FDIC AMERICAN NATIONAL BANK OF DETROIT ACCOUNT NUMBER DETROIT, MI 48201-2500 FROM 7/01/2018 BALANCE (313) 933-8547 TO 7/31/20Y8 9,422.80 9 DEPOSITS 8,088.36 20 WITHDRAWALS 7,666.74 SUNSHINE INTERIORS 4 OTHER DEBITS AND CREDITS 3,740.00CR NEW BALANCE 11,601.41 .- CHECKS AND OTHER DEBITS DEPOSITS -.-DATE- - BALANCE- No. 380 310.10 No.612 92.80 780.80 07/01 9,801.00 No.002 85.80 No.614 243.80 569.50 07/03 10,041 30 No. 015 380.10 No.610 270.00 701.80 07/06 10,113.30 No.617 303.80 No. 618 435.40 819.24 07/11 10,101.64 No.610 320.10 No.020 238.87 880.70 07/13 10,123.37 No 621 300 BO No.024 70701 M8 4,000.00 07/14 13,100.80 No.25 138.63 No 620 580.03 MB 100.00 07/14 12,688.20 No. 627 318.73 No. 620 329.00 600.10 07/17 12,809.67 No.630 882.80 No.631 1,081.36 NEF 375.00 07/20 10,170.31 No 832 325.40 No 634 241.71 YO1.20 07/21 10,304.40 731.45 07/24 11.035.91 001.50 07/28 11,637 41 BO 30.00 07/31 11.001.41 ERROR CORRECTION OD OVURDRAPT MS MISCELLANEOUS PS -- PAYMENT STOPPED NSP - NOT SUPPIOIENT VUNDE 8C - SERVICE CHARGE - THE RECONCILEMENT OF THE STATEMBIT WITH YOUR RBOORDS 18 RSSENTIAL ANTY ERROR OR EXCEPTION SHOULD BE REPORTED IMMEDIATELY

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