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On July 31, 2022. Splish Brothers Company had a cash balance per books of S6,330. The statement from Dakota State Bank on that date showed a balance of $7,880,80. A comparison of the bank statement with the Cash account revealed the following facts, 1 The bank service charge for July was $22. 2 The bank collected $1,710.00 for Splish Brothers Company through electronic funds transfer. 3. The July 31 receipts of $1,396.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit Vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $354 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $345 5. Checks outstanding on July 31 totaled $2,023.10. On July 31, the bank statement showed an NSF charge of 5765.00 for a check received by the company from W. Krueger, a customer, on account 4 6. Cash balance per bank statement Add Deposits in transit 90710 Less Outstanding checks 201110 i Adjunted cash balance perbank 33 Cash balance per books Blectronic Funds transfer enceived Add Less Bank service de NSFchech Keroris recorde check No. 240 Adjusted cash tale per books Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets. Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Accts Rec. Accts. Pay Rev. July 31 31 31 31 Prepare a tabular analysis for the necessary adjustments at July 31. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Stockholders' Equity Accts. Pay. Rev. Exp. 0

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