Business, 05.05.2020 05:10 markjiron2880

On July 31, 2020, Keeds Company had a cash balance per books of $6,140.00. The statement from Dakota State Bank on that date showed a balance of $7,690.80. A comparison of the bank statement with the Cash account revealed the following facts. 1.The bank service charge for July was $25.00. 2.The bank collected $1,520 for Keeds Company through electronic funds transfer. 3.The July 31 receipts of $1,193.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4.Company check No. 2480 issued to L. Taylor, a creditor, for $384.00 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $348.00. 5.Checks outstanding on July 31 totaled $1,860.10. 6.On July 31, the bank statement showed an NSF charge of $575.00 for a check received by the company from W. Krueger, a customer, on account. Prepare the bank reconciliation as of July 31.

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On July 31, 2020, Keeds Company had a cash balance per books of $6,140.00. The statement from Dakota...

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