1. Cash balance per bank, July 31, $7,547.
2. July bank service charge not recorded by the depositor $59.
3. Cash balance per books, July 31, $7,583.
4. Deposits in transit, July 31, $2,919.
5. Note for $2,219 collected for Ghose in July by the bank, plus interest $57 less fee $41. The collection has not been recorded by Ghose, and no interest has been accrued.
6. Outstanding checks, July 31, $707.
On July 31, 2012, Fraiser Company had a cash balance per books of $6,349. The statement from Nashota State Bank on that date showed a balance of $7,899.80. A comparison of the bank statement with the Cash account revealed the following facts.
1. The bank service charge for July was $21.
2. The bank collected a note receivable of $1,648 for Fraiser Company on July 15, plus $34 of interest. The bank made a $14 charge for the collection. Fraiser has not accrued any interest on the note.
3. The July 31 receipts of $1,345.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to T. Crain, a creditor, for $394.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $349.00.
5. Checks outstanding on July 31 totaled $2,017.10.
6. On July 31, the bank statement showed an NSF charge of $723 for a check received by the company from K. Fonner, a customer, on account.
Prepare the bank reconciliation as of July 31.