Preparing a bank Reconciliation Statement:
•The July 31 bank statement for Parkview Company indicated acash balance of $5,000.17.
•The cash ledger account on that date shows a balance of$4,262.83.
•Four outstanding checks totaled $717.75.
•A $410.90 deposit made after banking hours on July 31 doesnot appear in the bank statement.
•On July 30, the bank returned J.B. Ball’s NSF check for$50.25, received as payment of an account receivable.
•The bank statement showed $24.74 interest earned on the bankbalance for the month of July. The bank collected a non-interestbearing note on July 22 for $500 and charged a $5 collectionfee.
•Check 893 for telephone expenses cleared the bank for $85 butwas erroneously recorded in our books as $58.
•The bank charged a July service charge of $12.00.
