Question

Requirement 1. Prepare the

DunlapDunlap

Automotive bank reconciliation at

JulyJuly

3131​,

20182018.

Prepare the Bank side of the bank​ reconciliation, then prepare the Book side of the bank reconciliation. ​(Include the balances at

JulyJuly

3131

in each of the addition subtotal calculations. If a box is not used in the​ table, leave the box​ empty; do not select a label or enter a​ zero.)

Dunlap Automotive
Bank Reconciliation
July 31, 2018
Bank:
	Add:
	Subtotal
	Less:
		Check No.

Books:
	Add:
	Subtotal
	Less:

Cash				Account No. 101
Date	Item	Jrnl. Ref.	Debit	Credit	Balance
July 1	Balance				7,850
31		CR 6	9,881		17,731
31		CP 11		9,778	7,953

Cash Receipts (CR)			Cash Payments (CP)
Date	Cash Debit		Check No.	Cash Credit
July 2	$2,852		3113	$1,452
8	555		3114	1,499
10	1,662		3115	1,830
16	859		3116	93
22	405		3117	775
29	897		3118	171
30	2,651		3119	432
Total	$9,881		3120	1,001
			3121	222
			3122	2,303
			Total	$9,778

Bank Statement for July 2018
Beginning balance						$7,850
Deposits and other additions:
	July	1		$800	EFT
		4		2,852
		9		555
		12		1,662
		17		859
		22		405
		23		1,225	BC	8,358
Checks and other deductions:
	July	7		$1,452
		13		1,380
		14		446	US
		15		1,499
		18		93
		21		389	EFT
		26		775
		30		171
		30		30	SC	(6,235)
Ending balance						$9,973

​Explanation:

BCminus−bank

collection of note receivable from​ customer,

EFTminus−electronic

funds​ transfer,

USminus−unauthorized

​signature,

SCminus−service

charge

Answer 1