Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on july 31, 2022, blossom company had a cash balan

On July 31, 2022, Blossom Company had a cash balance per books of $ 6,345.00....

50.1K

Verified Solution

Question

Accounting

image

image

On July 31, 2022, Blossom Company had a cash balance per books of $ 6,345.00. The statement from Dakota State Bank on that date showed a balance of $7.895.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $18.00, 2. The bank collected $ 1,620.00 for Blossom through electronic funds transfer. 3. The July 31 cash receipts of $ 1,300.30 were not included in the bank statement for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to L. Taylor, a creditor, for $ 374.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $347.00. 5. Checks outstanding on July 31 totaled $ 1,951.10. 6. On July 31, the bank statement showed an NSF charge of $ 675.00 for a check received by the company from W. Krueger, a customer, on account. BLOSSOM COMPANY Bank Reconciliation $ W $ $ $ $

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

Finance
1.2K views

Problem 8-4 Exponential Moving Averages (LO4, CFA1) The table below shows the closing monthly stock prices...

Chemistry
1.2K views

Question #1.) A fixed volume of gas at constant temperature has a volume of 45.6 L...

Psychology
1.2K views

1. Should those with a chronic history of criminal offenses be treated with psychosurgery or electrical...

Accounting
1.2K views

discuss the concept of cloud cost management, its application and other related issues

Physics
1.2K views

4 A rod of length L is hinged from one end It is brought to...

Calculus
1.2K views

5 4 3 2 1 4 3 f 2 2 7 2 3 4 1...

Calculus
1.2K views

Write the equation of the vertical asymptote of the function Do not use space in...

Algebra
1.2K views

For dessert there are 4 choices of ice cream 3 choices of syrup and 5...

Accounting
1.2K views

All information is included in the scanned pages of the assignment. ...

Accounting
1.2K views

Using the trial balance in Figure 4.28, and adjustment data of Kylers Moving Co., prepare...

Accounting
1.2K views

Exercise D5-13 Rider Auto has developed the following production plan for its new auto part....

Finance
1.2K views

Assume the firm invests $125,000 today to get $35,000 at Year 1 (i.e. one year...