Essay
The following information is available for the Topper Company for the month of July.
a.On July 31,after all transactions have been recorded,the balance in the company's Cash account has a balance of $15,244.
b.The company's bank statement shows a balance on July of $16,450.
c.Outstanding checks at July total $2,063.
d.A note receivable is collected by the bank for $570,but it is not yet recorded by Topper Company.
e.A $107 NSF check from a customer,P.Flank is shown on the bank statements,but not yet recorded by Topper.
f.A deposit placed in the bank's night depository on July 31 totaling $1,275 did not appear on the bank statement.
h.Bank fees of $45 for check printing are not yet recorded by Topper Company.
Prepare the July bank reconciliation for the Topper Company.
Correct Answer:
Verified
Correct Answer:
Verified
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