(Answered) Question - browning company deposits all receipts and makes

Accounting

Question - Browning Company deposits all receipts and makes all payments by check. The following information is available from the cash records.

June 30 Bank Reconciliation

Balance per bank $9,135

Add: Deposits in Transit 2,010

Deduct: Outstanding checks (2,610)

Balance per books $8,535

Month of July Results

Per Bank Per Books

Balance July 31 $11,289 $12,071

July deposits 5,873 7,582

July checks 5,220 4,046

July note collected (not included in July deposits) 1,958 -

July bank service charge 20 -

July NSF check from a customer, returned by the bank (recorded by bank as a charge) 437 -

(a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance.

(b) Prepare the general journal entry or entries to correct the Cash account.

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