Prepare a bank reconciliation

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Reference no: EM13953385

The following information pertains to Robo Corp.

1.Cash balance per bank, July 31, $8,500.

2.July bank service charge not recorded by the depositor $50.

3.NSF check: $600 from customer.

4.Deposits in transit, July 31, $2,300.

5.Note for $2,000 collected for Robo in July by the bank, plus interest $200 less fee $40. The collection has not been recorded by Allied, and no interest has been accrued.

6.Outstanding checks, July 31, $1,200

7.Cash balance per books, July 31 $8,090.

Required:

Prepare a bank reconciliation at July 31, 2007 and journal entries. Identify the items above that will require journal entries in the accounting records. Circle the corresponding number.

Reference no: EM13953385

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