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(Solved): Copula Company's general ledger shows a cash account balance of \( \$ 23,300 \) on July 31,2024 . ...



Copula Companys general ledger shows a cash account balance of \( \$ 23,300 \) on July 31,2024 . Cash sales of \( \$ 1,848 \days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of \( \$ 52 \) and an

Copula Company's general ledger shows a cash account balance of \( \$ 23,300 \) on July 31,2024 . Cash sales of \( \$ 1,848 \) for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of \( \$ 52 \) and an NSF check from a customer of \( \$ 320 \). The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling \( \$ 1,490 \). The bank statement shows a balance of \( \$ 22,570 \) on July \( 31 . \) Required: 1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, \( 2024 . \) 2. Record the necessary entry(ies) to adjust the balance for cash. Complete this question by entering your answers in the tabs below. Prepare a bank reconciliation to calculate the correct balance of cash on July 31,2024 . (Amounts to be deducted should be indicated with a minus sign.) days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of \( \$ 52 \) and an NSF check rom a customer of \( \$ 320 \). The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling \( \$ 1,490 \). The bank statement shows a balance of \( \$ 22,570 \) on July 31 . Required: I. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, \( 2024 . \) 2. Record the necessary entry(ies) to adjust the balance for cash. Complete this question by entering your answers in the tabs below. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)


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