*Brief Exercise 7-10 The following information relates to Blossom Limited's Cash account. The reconciled cash...
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*Brief Exercise 7-10 The following information relates to Blossom Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $18,840. During the month of July, Blossom recorded cash receipts of $22,100 and cash payments of S24,300 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $19,580 on July 31; outstanding cheques $3,950; deposits in transit $1,770; EFT collections on account that were not yet recorded on the books $2,192; NSF cheque $1,248; NSF fee 572; and bank services charges $112. Determine the cash balance per Blossom Limited's books. Cash balance $ Prepare the bank reconciliation at July 31. (List Items that increase balance as per bank & books first.) Blossom Limited Bank Reconciliation July 31
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