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On July 31, 2022, Blossom Company had a cash balance per books of $6,240.00. The...

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Accounting

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On July 31, 2022, Blossom Company had a cash balance per books of $6,240.00. The statement from Dakota State Bank on that date showed a balance of $7,790.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2. 3 4. The bank service charge for July was $24.00. The bank collected $1,620.00 from a customer for Blossom Company through electronic funds transfer. The July 31 receipts of $1.294.30 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 $354.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $345.00. Checks outstanding on July 31 totaled $1,933.10. 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. 5. 6. (a) Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.) BLOSSOM COMPANY Bank Reconciliation $ $ $

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