The Following Data Have Been Gathered for Reynolds Company to Assist

Essay

The following data have been gathered for Reynolds Company to assist you in preparing the July 31, 2019, bank reconciliation:
a)The July 31 bank balance was $4,000.
b)The bank statement included $30 of service charges.
c)There was an EFT deposit of $900 on the bank statement for the monthly rent due from a tenant.
d)Cheques #541 and #543 for $205 and $320, respectively, were not among the cancelled cheques returned with the statement.
e)The July 31 deposit of $4,435 did not appear on the bank statement.
f)The bookkeeper had erroneously recorded a $500 cheque as $5,000. The cheque was written to a vendor to pay off an accounts payable.
g)Included with the cancelled cheques was a cheque written by another company for $200, which was deducted from Reynolds Company's account.
h)The bank statement included an NSF cheque written by Maxie Company for a $460 payment on account.
i)The cash account showed a balance of $3,200 on July 31.
Prepare the July 31, 2019, bank reconciliation for Reynolds Company.