Prepare Journal Entries for Bank Reconciliation Carmen Lui Associates Bank Reconciliation July 31, 20 - - Bank statement balance, July 31 $3,316.80 Add deposits in transit $300.00 118.00 418.00...



Prepare Journal Entries for Bank Reconciliation




































































































Carmen Lui Associates

Bank Reconciliation

July 31, 20 - -
Bank statement balance, July 31$3,316.80
Add deposits in transit$300.00
118.00418.00
$3,734.80
Deduct outstanding checks:
   No. 296$424.20
   No. 29922.60
   No. 30139.90486.70
Adjusted bank balance$3,248.10
Book balance, July 31$3,700.50
Add error on Check No. 291*27.60
$3,728.10
Deduct: NSF check$468.00
            Bank service charge12.00480.00
Adjusted book balance$3,248.10
*Accounts Payable was debited in original entry.




Based on the bank reconciliation, prepare the journal entries.




Jun 03, 2022
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