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The balance shown on the July bank statement of Colt Company was $15,500. The balance...

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Accounting

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The balance shown on the July bank statement of Colt Company was $15,500. The balance in the books at the end of July was $7.225. After examing the bank statement the accountant found the following items that should be included in the reconciliation. Deposits outstanding Bank Service Charges $1,750 25 Checks outstanding NSF Check Note collected by bank Interest on Note collected $8,700 250 1,500 100 A. What should the balance of cash be on Colt Company's books at the end of July. B. Which amounts would require a journal entry on Colt's books? Mark them with an X C. Choose one of the items that you identified in B and make the journal entry in good form. 24. Below are typical transactions for a company. Indicate whether each transaction is classified-as an

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