The following information pertains to Cullumber Company. 1. Cash balance per bank, July 31,$11,310. 2....
70.2K
Verified Solution
Link Copied!
Question
Accounting
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,$11,440. 4. Deposits in transit, July 31,$4,615. 5. $2,600 collected from a customer for Cullumber Company in July by the bank through electronic funds transfer. The collection has not been recorded by Cullumber Company. 6. Outstanding checks, July 31,$1,950. Prepare a bank reconciliation at July 31, 2025. (List items that increase balance as per bank \& books first.) Journalize the adjusting entries at July 31 on the books of Cullumber Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.