The Following Information Is Available for the Topper Company for the Month

question 205

Essay

The following information is available for the Topper Company for the month of July.
a. On July 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $15,244.
b. The company's bank statement shows a balance on July of $16,450.
c. Outstanding checks at July total $2,063.
d. A credit memo included with the bank statement indicates that the bank collected $570 on a note receivable for Topper. The $570 includes $550 principle and $20 interest.
e. A debit memo included with the bank statement shows a $107 NSF check from a customer, P. Flank.
f. A deposit placed in the bank's night depository on July 31 totaling $1,275 did not appear on the bank statement.
h. Included with the bank statement was a debit memorandum in the amount of $45 for check printing charges that have not been recorded on the company's books.
Prepare the July bank reconciliation for the Topper Company.

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Definitions:

Hypnosis

A state of focused attention, reduced peripheral awareness, and an enhanced capacity for response to suggestion.

Meditation

A practice of focused attention or contemplation to achieve a mentally clear and emotionally calm state.

Global Workspace Model

Consciousness is a product of activity in specific brain regions.

Conscious Awareness

The state of being awake and aware of one's surroundings, thoughts, and emotions.