Obj. 5 The cash account for Stone Systems at July 31,20Y5, indicated a...
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Accounting
Obj. The cash account for Stone Systems at July Y indicated a balance of $ The bank statement indicated a balance of $ on July Y Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: a Checks outstanding totaled $ b A deposit of $ representing receipts of July had been made too late to appear on the bank statement. c The bank had collected $ on a note left for collection. The face of the note was $ d A check for $ returned with the statement had been incorrectly recorded by Stone Systems as $ The check was for the payment of an obligation to Holland Co for the purchase of office supplies on account. e A check drawn for $ had been incorrectly charged by the bank as $ f Bank service charges for July amounted to $ INSTRUCTIONS Prepare a bank reconciliation. Journalize the necessary entries. If a balance sheet were prepared for Stone Systems on July Y what amount should be reported as cash? 
Obj.
The cash account for Stone Systems at July Y indicated a balance of $
The bank statement indicated a balance of $ on July Y Comparing the
bank statement and the accompanying canceled checks and memos with the records
reveals the following reconciling items:
a Checks outstanding totaled $
b A deposit of $ representing receipts of July had been made too late
to appear on the bank statement.
c The bank had collected $ on a note left for collection. The face of the
note was $
d A check for $ returned with the statement had been incorrectly recorded
by Stone Systems as $ The check was for the payment of an obligation to
Holland Co for the purchase of office supplies on account.
e A check drawn for $ had been incorrectly charged by the bank as
$
f Bank service charges for July amounted to $
INSTRUCTIONS
Prepare a bank reconciliation.
Journalize the necessary entries.
If a balance sheet were prepared for Stone Systems on July Y what
amount should be reported as cash?
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