$15,130. During the month of July, Blossom recorded cash receipts of $17,360 and cash payments of $19,440 in the general ledger Cash account. At July 31, Blossom Limited had an reconciled cash balance of $13,050. An examination of the company's July bank statement shows a balance of $15,398 on July 31; outstanding cheques $2,900; deposits in transit $1,160; EFT collections on accou that were not yet recorded on the books $1,740; NSF cheque $1,020; NSF fee $40; and bank service charges $72. Prepare the necessary journal entries required on July 31 for Blossom. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" fo the account titles and enter 0 for the amounts.) Date Account Titles and Explanation July 31 31 31 Cash Accounts Receivable (To record EFT collections on account) Bank Charges Expense Cash (To record bank service charges) Accounts Receivable Cash (To record NSF cheque and fee) Debit 13050 Credit

$15,130. During the month of July, Blossom recorded cash receipts of $17,360 and cash payments of $19,440 in the general ledger Cash account. At July 31, Blossom Limited had an reconciled cash balance of $13,050. An examination of the company's July bank statement shows a balance of $15,398 on July 31; outstanding cheques $2,900; deposits in transit $1,160; EFT collections on accou that were not yet recorded on the books $1,740; NSF cheque $1,020; NSF fee $40; and bank service charges $72. Prepare the necessary journal entries required on July 31 for Blossom. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" fo the account titles and enter 0 for the amounts.) Date Account Titles and Explanation July 31 31 31 Cash Accounts Receivable (To record EFT collections on account) Bank Charges Expense Cash (To record bank service charges) Accounts Receivable Cash (To record NSF cheque and fee) Debit 13050 Credit

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter5: Cash Control Systems

Section: Chapter Questions

Problem 2AP

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