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

question 202

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 note receivable is collected by the bank for $570,but it is not yet recorded by Topper Company.
e.A $107 NSF check from a customer,P.Flank is shown on the bank statements,but not yet recorded by Topper.
f.A deposit placed in the bank's night depository on July 31 totaling $1,275 did not appear on the bank statement.
h.Bank fees of $45 for check printing are not yet recorded by Topper Company.
Prepare the July bank reconciliation for the Topper Company.

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Definitions:

House

Often referring to the House of Representatives, it is one of the two chambers of the United States Congress, the other being the Senate; members are elected to represent districts within states.

Senate

One of the two houses of the legislature in many countries, often tasked with reviewing and consenting to legislation, appointments, and treaties.

Property Ownership

The legal right or title to possess, use, and dispose of buildings, land, or other tangible objects.

Voting Qualifications

The criteria that determine eligibility to vote in elections, typically including age, citizenship, and residence requirements.