Exercise 7-24 Monty Lansbury Company deposits all receipts and makes all payments by check. The...
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Accounting
Exercise 7-24 Monty Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records June 30 Bank Reconciliation Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books $9,800 2,156 (2,800) $9,156 Month of July Results Per Bank Per Books $12,110 12,950 8,134 4,340 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a customer, returned by the bank (recorded by bank as a charge) 7,000 5,600 1,400 21 469
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