financeThe following information is available for Park Valley Spa for July 2016:
$$
\begin{array}{c}
\textbf{Bank Statement}\\
\textbf{State Bank}\\
\textbf{Bolta Vista, NV 10001}\\
\end{array}
$$
$$
\begin{array}{lrrrrrrrrrr}
\text{Park Valley Spa} &&&&&&&&&& \text{Account number}\\
\text{10 Main Street} &&&&&&&&&& \text{12-4567}\\
\text{Bolta Vista, NV 10001} &&&&&&&&&& \text{July 31, 2016}\\
\hline
\hline
\end{array}
$$
$$
\begin{array}{lrr}
\text{Beginning balance 6/30/2016} &&& \$\hspace{4pt}9,031\\
\text{Total deposits and other credits} &&&\text{29,800}\\
\text{Total checks and other debits} &&& \text{23,902}\\
\text{Ending balance 7/31/2016} &&& \text{14,929}\\
\end{array}
$$
$$
\begin{array}{cccccc|cc}
\hline
\hline
&&& \text{Checks and Debits} &&&&&& \text{Deposits and Credits} &\\
\hline
\end{array}
$$
$$
\begin{array}{rcrrrcrrrrrrr}
&\text{Check No.} && \text{Amount} &&&&& \text{Date} &&&& \text{Amount}\\
\hline
\\
&\text{2350} && \$3,761 &&&&& \text{July} & \text{1} &&& \$1,102\\
&\text{2351} && \text{1,643} &&&&& \text{July} & \text{10} &&& \text{6,498}\\
&\text{2352} && \text{8,000} &&&&& \text{July} & \text{15} &&& \text{4,929}\\
&\text{2354} && \text{2,894} &&&&& \text{July} & \text{21} &&& \text{6,174}\\
&\text{2355} && \text{1,401} &&&&& \text{July} & \text{26} &&& \text{5,963}\\
&\text{2357} && \text{6,187} &&&&& \text{July} & \text{30} &&& \text{2,084}\\
&\text{DM} && \text{16} &&&&& \text{CM} & \text{} &&& \text{3,050}\\
\end{array}
$$
The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July 2016:
$$
\begin{array}{rcrrc}
&\text{Date} & \text{Check No.} & \text{Amount of} && \text{Date} & \text{Amount of}\\
&&& \text{Check} &&& \text{Deposit}\\
\\
&\text{July 2} & \text{2351} & \$1,643 && \text{July 8} & \$6,498\\
&\text{July 4} & \text{2352} & \text{ \hspace{4pt}8,000} && \text{July 14} & \text{\hspace{5pt}4,929}\\
&\text{July 10} & \text{2353} & \text{ \hspace{4pt}1,500} && \text{July 21} & \text{\hspace{5pt}6,174}\\
&\text{July 10} & \text{2354} & \text{ \hspace{4pt}2,894} && \text{July 26} & \text{\hspace{5pt}5,963}\\
&\text{July 15} & \text{2355} & \text{ \hspace{4pt}1,401} && \text{July 29} & \text{\hspace{5pt}2,084}\\
&\text{July 20} & \text{2356} & \text{ \hspace{8pt}745} && \text{July 30} & \text{\hspace{5pt}3,550}\\
&\text{July 22} & \text{2357} & \text{ \hspace{4pt}6,187} \\
\end{array}
$$
\
**Other Information**
**1.** Check no. 2350 was outstanding from June.
**2.** The credit memo was for collection of notes receivable.
**3.** All checks were paid at the correct amount.
**4.** The debit memo was for printed checks.
**5.** The June 30 bank reconciliation showed a deposit in transit of $1,102.
**6.** The unadjusted Cash account balance at July 31 was$13,200.
\
**Required**
Record in general journal form any necessary entries to the Cash account to adjust it to the true cash balance. 1st Edition•ISBN: 9781938168178Glen Krutz412 solutions
16th Edition•ISBN: 9780133905045George C. Edwards III, Martin P. Wattenberg, Robert L. Lineberry269 solutions
9th Edition•ISBN: 9781337531658Christina Dejong, Christopher E. Smith, George F Cole105 solutions
11th Edition•ISBN: 9781305093300Michael D. Reisig, Todd R. Clear160 solutions
