Reference no: EM132944044
Question - The following information is available for Chal Dal Corporation:
1. Cash balance per bank, July 31, $7,263.
2. July bank service charge not recorded by the depositor $28.
3. Cash balance per books, July 31, $7,284.
4. Deposits in transit, July 31, $1,500.
5. Bank collected $900 note for S&S. in July, plus interest $36, less fee $20. The collection has not been recorded by S&S, and no interest has been accrued.
6. Outstanding checks, July 31, $591.
Required - Submit a Bank Reconciliation Statement as at July 31.