Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. delta inc.s books indicate a balance of $5,700 and

Delta Inc.s books indicate a balance of $5,700 and the bank statement of July 31,...

60.1K

Verified Solution

Question

Accounting

Delta Inc.s books indicate a balance of $5,700 and the bank statement of July 31, 2021 showed a balance of $6,400. Prepare the bank recinciliation for July 31, 2021 and record adjusting entries based on reconciling items include the following:

a. Interest Earned on bank balance for $155.00

b. Automatic payment made for Culligan Water on July 13th for $130 that was not booked

c. Bank statement shows an EFT receipt of rent revenue for $2,200 from Data Publishing
d. Deposit in transit, $1,600
e. Outstanding cheques: no. 105, $250.00 and no. 107, $540
f. Bank balance includes service chargesof $30 and Fees for NSF cheque for $35
g. Bank balance includes NSF cheque from RNB Cop. for $650

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Write two different integrals (one with respect to x, and one with respect to y) that...

Chemistry
1.2K views

10. A mixture of 0.08729 mol of H2O, 0.1041 mol of CH4, 0.08069 mol of CO,...

Chemistry
1.2K views

Phosphoric acid, H3PO4(aq), is a triprotic acid. Calculate the pH and concentrations of H3O + (aq),...

Basic Math
1.2K views

Due Date 30 2023 1 The following data are given for a direct shear test...

Algebra
1.2K views

Describe the end behavior of the graph of f x 3x 11x 8x 4 B...

Accounting
1.2K views

how do you determine when to select the Check window and when to select Make...

Accounting
1.2K views

Kleen Company acquired patent rights on January 10 of Year 1 for $2,800,000. The patent...

Accounting
1.2K views

The right-of-use asset is increased by A) Initial direct costs incurred by the lessee only....

Accounting
1.2K views

Cameron is single and has taxable income of $48,139. Determine his tax liability using Tax...

Accounting
1.2K views

Disk City, Inc., is a retailer for digital video disks. The projected net income for...

Accounting
1.2K views

Problem 11-4A (Algo) Analyzing changes in stockholders' equity accounts LO C3, P2, P3 [The following...

Accounting
1.2K views

Current Attempt in Progress One of Matheny Company's activity cost pools is inspecting, with estimated...