Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 7-11 (part level submission) the followin

Exercise 7-11 (Part Level Submission) The following information pertains to Cullumber Company 1. Cash balance...

70.2K

Verified Solution

Question

Accounting

image
image
Exercise 7-11 (Part Level Submission) The following information pertains to Cullumber Company 1. Cash balance per bank, July 31, $11,310 2 July bank service charge not recorded by the depositor $65 3 Cash balance per books, July 31, 511,440. 4 Deposits in transit, July 31, $4,615 5. $2,600 collected for Collumber Company in July by the bank through electronic funds transfer. The accounts receivable collection has not been recorded by Cullumber Company Outstanding checks, July 31, $1,950. (a) Prepare a bank reconciliation at July 31, 2022. (List Items that increase balance as per bank & books first.) CULLUMBER COMPANY Bank Reconciliation >

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