Answer:
A. Bank balance per reconciliation $22,789
Company balance per reconciliation $22,789
B. No journal entry required
Dr Service fees expense $41
Cr Cash $41
Explanation:
A Preparation of a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021
Bank Reconciliation
July 31 2021
Bank Cash balance
Per bank statement $22,364
Add Deposits outstanding $1,745
Checks outstanding -$1,320
Bank balance per reconciliation $22,789
Company Cash balance
Per generall edger$ 22,830
Service Fees -$41
Company balance per reconciliation $22,789
B. Preparation of the journal entry to adjust the balance for cash.
No journal entry required
Dr Service fees expense $41
Cr Cash $41
