This is an example of one of the questions  Bank Reconciliation and Entries Suns

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This is an example of one of the questions 
Bank Reconciliation and Entries
Suns

This is an example of one of the questions 
Bank Reconciliation and Entries
Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of July 31 have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account.
BANK RECONCILIATION FOR PRECEDING MONTH (DATED JUNE 30):  
Cash balance according to bank statement $9,422.80
Add deposit of June 30, not recorded by bank 780.80
$10,203.60
Deduct outstanding checks:      
No. 580 $310.10    
No. 602 85.50    
No. 612 92.50    
No. 613 137.50   625.60
Adjusted balance     $9,578.00
Cash balance according to company’s records     $9,605.70
Deduct bank service charges     27.70
Adjusted balance     $9,578.00
CASH ACCOUNT:      
Balance as of July 1     $ 9,578.00
CASH RECEIPTS FOR MONTH OF JULY     6,465.42
DUPLICATE DEPOSIT TICKETS:
Date and amount of each deposit in July:
Date Amount Date Amount Date Amount
July 2   $569.50   July 12   $580.70   July 23   $ 713.45  
5   701.80   16   600.10   26   601.50  
9   819.24   19   701.26   31   1,177.87  
CHECKS WRITTEN:
Number and amount of each check issued in July:
Check No. Amount Check No. Amount Check No. Amount
614   $243.50   621   $309.50   628   $837.70  
615   350.10   622   Void   629   329.90  
616   279.90   623   Void   630   882.80  
617   395.50   624   707.01   631   1,081.56  
618   435.40   625   158.63   632   325.40  
619   320.10   626   550.03   633   310.08  
620   238.87   627   381.73   634   241.71  
Total amount of checks issued in July $8,379.42  
Click here to see JUNE BANK STATEMENT.
Required:
Question Content Area
1.  Prepare a bank reconciliation as of July 31. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisfy accounts payable. When required, enter amounts in dollars and cents.

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