Spielberg Company's general ledger shows a checking account
balance of $22,970 on July 31, 2018. The July cash receipts of $1,885, included
in the general ledger balance, are placed in the night depository at the bank
on July 31 and processed by the bank on August 1. The bank statement dated July
31 shows bank service fees of $55. The bank processes all checks written by the
company by July 31 and lists them on the bank statement, except for one check
totaling $1,460. The bank statement shows a balance of $22,490 on July 31.
Required:
1. Prepare a bank reconciliation to calculate the correct
ending balance of cash on July 31, 2018.
Contact Us To Get Tutoring
