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marshall27 [118]
3 years ago
8

The following information pertains to Sheridan Video Company.

Business
1 answer:
attashe74 [19]3 years ago
5 0

Answer:

Bank reconciliation for the month ended July 31

Particulars                                       Amount

Balance as per bank                       $7,943

Add: Deposit in transit                    $1,840

Less: Outstanding checks              <u>$600  </u>

Adjusted balance as per bank      <u>$9,183</u>

Balance as per books                      $7,964

Add: Direct collections by bank      $1,256

($1,240 + $45 - $29)

Less: Bank charges                          <u>$37     </u>

Adjusted balance as per books     <u>$9,183</u>

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