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The following information pertains to Carla Vista Company.

1. Cash balance per books, August 31, $7,374.
2. Cash balance per bank, August 31, $7,338.
3. Outstanding checks, August 31, $696.
4. August bank service charge not recorded by the depositor $48.
5. Deposits in transit, August 31, $3,110.

In addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company.

Required:
Prepare a bank reconciliation at August 31, 2022.

Respuesta :

abiolataiwo2015

If in addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company.  The bank reconciliation at August 31, 2022 will be:

  • Adjusted cash balance per bank       $9,752
  • Adjusted cash balance per books      $9,752

Carla Vista Company bank reconciliation      

Cash balance per bank statement  $7,338  

Add Deposit in transit                                    $3,110    

Less Outstanding checks                              ($696)  

Adjusted cash balance per bank                $9,752

Cash balance per books                               $7,374  

Add Electronic funds transfer received        $2,426    

Less Bank service charge                       ($48)  

Adjusted cash balance per book                 $9,752

Inconclusion if in addition, $2,426 collected for Carla Vista Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Carla Vista Company.  The bank reconciliation at August 31, 2022 will be:

  • Adjusted cash balance per bank       $9,752
  • Adjusted cash balance per books      $9,752

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