Business, 20.06.2020 18:57 annyarias3563
The following information pertains to Blossom Company.
1. Cash balance per bank, July 31, $8,438.
2. July bank service charge not recorded by the depositor $62.
3. Cash balance per books, July 31, $8,474.
4. Deposits in transit, July 31, $3,810.
5. $3,126 collected for Blossom Company in July by the bank through electronic funds transfer. The collection has not been recorded by Blossom Company.
6. Outstanding checks, July 31, $710.
Required:
a. Prepare a bank reconciliation on July 31, 2017.
b. Journalize the adjusting entries on July 31 on the books of Blossom Company.
Answers: 3
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The following information pertains to Blossom Company.
1. Cash balance per bank, July 31, $8,438. <...
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