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Journal entries and bank reconciliation

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Reference no: EM132512945

The following information pertains to Cullumber Corporation.

1. Balance per bank, July 31, $6,771.

2. July bank service charge not recorded by Cullumber, $23.

3. Balance per books, July 31, $7,152.

4. Deposits in transit, July 31, $2,952.

5. Electronic collection on account (EFT) from a customer, $2,200 not yet recorded by Cullumber.

6. Outstanding cheques, July 31, $810.

7. Returned cheque from the deposit of a collection on account, $380, due to nonsufficient funds. Related bank service charge, $36. The charges will be added to the customer's account.

Question 1: Journal Entries and Bank Reconciliation?

Reference no: EM132512945

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