The following data were accumulated for use in reconciling the bank account of Nakajima Co for July:
Cash balance according to the company's records at July $
Cash balance according to the bank statement at July $
Checks outstanding, $
Deposit in transit, not recorded by bank, $
A check for $ issued in payment of an account was erroneously recorded in the check register as $
Bank debit memo for service charges, $
Question Content Area
a Prepare a bank reconciliation, using the format shown in Exhibit
Nakajima Co
Bank Reconciliation
July
Cash balance according to bank statement $fill in the blank cdcd
Select
Select
Adjusted balance $fill in the blank cdcd
Cash balance according to company's records $fill in the blank cdcd
Select
Select
Adjusted balance $fill in the blank cdcd
Question Content Area
b If the balance sheet is prepared for Nakajima Co on July what amount should be reported for cash?
$fill in the blank bcaffaf
c Must a bank reconciliation always balance reconcile
