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Problem-(Bank Reconciliation and adjusting Entries) Angela Lansbury Company deposits all receipts and makes all payments by check. The following is available from the cash records. June 30 Bank ReconciliationBalance per bank $7,000Add: Deposits in transit 1,540Deduct: Outstanding checks (2,000)Balance per books $6,540 Month of July Results Per Bank Per BooksBalance July 31 $8,650 $9,250July deposits 5,000 5,810July checks 4,000 3,100July note collected (not included in July deposits) 1,000 _ July bank service charge 15 -July NSF check from a customer, returned by the bank 335 _(recorded by bank as a charge) Instructions:(a) Prepare a bank reconciliation going from balance per bank and balance per books to correct cash balance.(b) Prepare the general journal entry or entries to correct the Cash account.
Additional information-
This problem belongs to Accounting and it is about preparing a bank reconciliation statement for an Angela Lansbury Company. The details for the reconciliation have been used for preparing the statement.
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