Business, 15.04.2020 02:43 natkookie85

Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with canceled checks on the last day of each month. The July 2021 bank statement included the following information:

Balance, July 1, 2016 $55,803
Deposits 179,600
Checks processed (192,710)
Service charges (35)
NSF checks (1,250)
Monthly loan payment deducted directly by bank from account (includes $270 in interest) (3,370)
Balance, July 31, 2016 $38,038
The company's general ledger account had a balance of $39,088 at the end of July. Deposits outstanding totaled $6,400 and all checks written by the company were processed by the bank except for those totaling $8,430. In addition, a $2,100 July deposit from a credit customer was recorded as a $210 debit to cash and credit to accounts receivable, and a check correctly recorded by the company as a $35 disbursement was incorrectly processed by the bank as a $350 disbursement.

Prepare a bank reconciliation for the month of July.

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Harrison Company maintains a checking account at the First National City Bank. The bank provides a b...

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