Construct the Bank Reconciliation for Mitter Company as of July $\begin{array}{llcc} \text { Ealance per bark statement } &\$9,150 \\\end{array}$

question 111

Essay

Construct the bank reconciliation for Mitter Company as of July 31,from the following information:
a. $\begin{array}{llcc} \text { Ealance per bark statement } &\$9,150 \\\end{array}$

b. $\begin{array}{llcc} \text { Deposit in transit } &&&&&&750 \\\end{array}$

c. $\begin{array}{llcc} \text {Checkbook brlance } &&&& &9,250 \\\end{array}$

d. $\begin{array}{llcc} \text { Outstanding checks } &&&&&800 \\\end{array}$

e. $\begin{array}{llcc} \text { NSF check (debit memo) } &&&220 \\\end{array}$

f. $\begin{array}{llcc} \text {Service charges } &&&&&&& &115 \\\end{array}$

g. $\begin{array}{llcc} \text { Interest earned on account } &&&140 \\\end{array}$

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Definitions:

Consumer Warranties

Legal guarantees provided to consumers that a product will meet certain quality and reliability standards, and that defective items will be repaired or replaced.

Option Contract

A contract granting the holder the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date.

Revocation

The calling back of an offer by the offeror.

Real Property

Land and anything permanently attached to it, such as buildings and structures.