On July 31, 2022, Carla Vista Co. had a cash balance per books of $6,335.00. The statement from Dakota State Bank on that date showed a balance of $7,885.80. A comparison of the bank statement with the Cash account revealed the following facts.

1. The bank service charge for July was $19.00.

2. The bank collected $1,715.00 from a customer for Carla Vista Co. through electronic funds transfer.

3. The July 31 receipts of $1,394.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.

4. Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00.

5. Checks outstanding on July 31 totaled $2,046.10.

6. On July 31, the bank statement showed an NSF charge of $770.00 for a check received by the company from W. Krueger, a customer, on account.

Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.)

CARLA VISTA CO.
Bank Reconciliation
choose the accounting period

For the Month Ended July 31, 2022July 31, 2022For the Year Ended July 31, 2022

select an opening name for section one

Adjusted cash balance per bankBank service chargeNSF checkElectronic funds transfer receivedError in recording check No. 2480Cash balance per bank statementDeposits in transitOutstanding checks

$enter a dollar amount

select between addition and deduction

AddLess

:
select a reconciling item

Deposits in transitCash balance per bank statementAdjusted cash balance per bankElectronic funds transfer receivedNSF checkError in recording check No. 2480Bank service chargeOutstanding checks

enter a dollar amount

enter a subtotal of the two previous amounts

select between addition and deduction

AddLess

:
select a reconciling item

Cash balance per bank statementAdjusted cash balance per bankElectronic funds transfer receivedNSF checkError in recording check No. 2480Bank service chargeDeposits in transitOutstanding checks

enter a dollar amount

select a closing name for section one

Cash balance per bank statementElectronic funds transfer receivedDeposits in transitNSF checkBank service chargeAdjusted cash balance per bankOutstanding checksError in recording check No. 2480

$enter a total amount for the first section

select an opening name for section two

Deposits in transitNSF checkOutstanding checksError in recording check No. 2480Bank service chargeElectronic funds transfer receivedCash balance per booksAdjusted cash balance per books

$enter a dollar amount

select between addition and deduction

AddLess

:
select a reconciling item

NSF checkOutstanding checksError in recording check No. 2480Bank service chargeElectronic funds transfer receivedCash balance per booksAdjusted cash balance per booksDeposits in transit

enter a dollar amount

enter a subtotal of the two previous amounts

select between addition and deduction

AddLess

:

select a reconciling item

    Bank service charge    Cash balance per books    Electronic funds transfer received    Adjusted cash balance per books    Deposits in transit    Outstanding checks    NSF check    Error in recording check No. 2480

$enter a dollar amount

select a reconciling item

    Cash balance per books    Outstanding checks    Deposits in transit    Electronic funds transfer received    Adjusted cash balance per books    Error in recording check No. 2480    NSF check    Bank service charge

enter a dollar amount

select a reconciling item

    Cash balance per books    Electronic funds transfer received    Bank service charge    Deposits in transit    Outstanding checks    NSF check    Error in recording check No. 2480    Adjusted cash balance per books

enter a dollar amount

enter a subtotal of the three previous amounts

select a closing name for section two

NSF checkCash balance per booksDeposits in transitBank service chargeElectronic funds transfer receivedOutstanding checksError in recording check No. 2480Adjusted cash balance per books

$enter a total amount for the second section

SHOW LIST OF ACCOUNTS

LINK TO TEXT

LINK TO VIDEO

Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date.

Account Titles and Explanation

Debit

Credit

July 31.

enter an account title to record electronic funds transfer received by bank

enter an account title to record electronic funds transfer received by bank

(To record electronic funds transfer received by bank)

31.

enter an account title To record NSF check

enter an account title To record NSF check

(To record NSF check)

31.

enter an account title for the adjusting entry to correct error in recording check

enter an account title for the adjusting entry to correct error in recording check

(To correct error in recording check)

31.

enter an account title to record bank service charge

ente

(To

Question

On July 31, 2022, Carla Vista Co. had a cash balance per books of $6,335.00. The statement from Dakota State Bank on that date showed a balance of $7,885.80. A comparison of the bank statement with the Cash account revealed the following facts.

1.		The bank service charge for July was $19.00.
2.		The bank collected $1,715.00 from a customer for Carla Vista Co. through electronic funds transfer.
3.		The July 31 receipts of $1,394.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4.		Company check No. 2480 issued to L. Taylor, a creditor, for $374.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $347.00.
5.		Checks outstanding on July 31 totaled $2,046.10.
6.		On July 31, the bank statement showed an NSF charge of $770.00 for a check received by the company from W. Krueger, a customer, on account.

Prepare the bank reconciliation as of July 31. (List items that increase balance as per bank & books first.)

CARLA VISTA CO. Bank Reconciliation choose the accounting period For the Month Ended July 31, 2022July 31, 2022For the Year Ended July 31, 2022
select an opening name for section one Adjusted cash balance per bankBank service chargeNSF checkElectronic funds transfer receivedError in recording check No. 2480Cash balance per bank statementDeposits in transitOutstanding checks			$enter a dollar amount
select between addition and deduction AddLess :	select a reconciling item Deposits in transitCash balance per bank statementAdjusted cash balance per bankElectronic funds transfer receivedNSF checkError in recording check No. 2480Bank service chargeOutstanding checks			enter a dollar amount
				enter a subtotal of the two previous amounts
select between addition and deduction AddLess :	select a reconciling item Cash balance per bank statementAdjusted cash balance per bankElectronic funds transfer receivedNSF checkError in recording check No. 2480Bank service chargeDeposits in transitOutstanding checks			enter a dollar amount
select a closing name for section one Cash balance per bank statementElectronic funds transfer receivedDeposits in transitNSF checkBank service chargeAdjusted cash balance per bankOutstanding checksError in recording check No. 2480			$enter a total amount for the first section

select an opening name for section two Deposits in transitNSF checkOutstanding checksError in recording check No. 2480Bank service chargeElectronic funds transfer receivedCash balance per booksAdjusted cash balance per books			$enter a dollar amount
select between addition and deduction AddLess :	select a reconciling item NSF checkOutstanding checksError in recording check No. 2480Bank service chargeElectronic funds transfer receivedCash balance per booksAdjusted cash balance per booksDeposits in transit			enter a dollar amount
				enter a subtotal of the two previous amounts
select between addition and deduction AddLess :
	select a reconciling item Bank service charge Cash balance per books Electronic funds transfer received Adjusted cash balance per books Deposits in transit Outstanding checks NSF check Error in recording check No. 2480	$enter a dollar amount
	select a reconciling item Cash balance per books Outstanding checks Deposits in transit Electronic funds transfer received Adjusted cash balance per books Error in recording check No. 2480 NSF check Bank service charge	enter a dollar amount
	select a reconciling item Cash balance per books Electronic funds transfer received Bank service charge Deposits in transit Outstanding checks NSF check Error in recording check No. 2480 Adjusted cash balance per books	enter a dollar amount
				enter a subtotal of the three previous amounts
select a closing name for section two NSF checkCash balance per booksDeposits in transitBank service chargeElectronic funds transfer receivedOutstanding checksError in recording check No. 2480Adjusted cash balance per books			$enter a total amount for the second section

SHOW LIST OF ACCOUNTS
LINK TO TEXT	LINK TO VIDEO

Prepare the necessary adjusting entries at July 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date.	Account Titles and Explanation	Debit	Credit
July 31.	enter an account title to record electronic funds transfer received by bank
	enter an account title to record electronic funds transfer received by bank
	(To record electronic funds transfer received by bank)
31.	enter an account title To record NSF check
	enter an account title To record NSF check
	(To record NSF check)
31.	enter an account title for the adjusting entry to correct error in recording check
	enter an account title for the adjusting entry to correct error in recording check
	(To correct error in recording check)
31.	enter an account title to record bank service charge
	ente
	(To

Accepted Answer

Prepare bank reconciliation statement as of July 31, 2022.