(Solved): Prepare a bank reconciliation for July 31 and prepare the necessary entries. The following inform ...

Prepare a bank reconciliation for July 31 and prepare the necessary entries.

The following information is for Blossom's Burger Company: 1. Cash balance per bank, July \( 31, \$ 5,449 \). 2. July bank service charge not recorded by the depositor, \( \$ 14 \). 3. The bank erroneously charged another company's \( \$ 520 \) cheque against Blossom's Burger's account. 4. Cash balance per books, July 31, \( \$ 6,500 \). 5. The bank charged Blossom's Burger's account \( \$ 260 \) for a customer's NSF cheque. This included a \( \$ 7 \) service charge. The company policy is to pass on all NSF charges to the customer. 6. Deposits in transit, July 31, \$1,630. 7. Blossom's Burger recorded a cash receipt for a cash sale from a customer as \( \$ 32 \). The bank correctly recorded it as \( \$ 23 \). 8. The bank collected a \$930 note for Blossom's Burger in July, plus interest of \$27, less a fee of \$15. The collection has not been recorded by Blossom's Burger and no interest has been accrued. 9. Outstanding cheques, July 31, \$440.