Lumen OHM Assessment

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Carlos Tohn Company operates four bowling alleys. The business just received the July 31, 2020, bank statement from City National Bank which is as follows:

Statement shows an ending balance of $904.
Listed on the statement are an EFT rent collection of $310, a service charge of $14, and a NSF check totaling $60, and $26 charge for printed checks.
In reviewing the cash records, the business identified outstanding checks totaling $467, and a deposit in transit of $1,685.
During October, the business recorded a debit to Salaries Expense for $268, and while crediting Cash in the amount of $23.
The business’s Cash account shows an July 31 balance of $2,157.

Prepare the bank reconciliation at July 31.

**Bank**
Description	Amount


Subcategory,ADD:
	Single line
	Single line

Subcategory,LESS:
	Single line

Adjusted Balance	Single lineDouble line

**CHECKBOOK (COMPANY)**
Description	Amount


Subcategory,ADD:
	Single line
	Single line

Subcategory,Less:



	Single line

Adjusted Balance	Single lineDouble line

Journalize any transactions required from the bank reconciliation.

Journal
Date	Description	Debit	Credit
July 31
July 31

July 31
July 31
July 31
July 31

**Bank**
Description	Amount
Balance (ending)	904

Subcategory,ADD:
Deposits in transit	1,685Single line
	Single line2,589

Subcategory,LESS:
Outstanding checks	467Single line

Adjusted Balance	Single line2,122Double line

**CHECKBOOK (COMPANY)**
Description	Amount
Balance (ending)	2,157

Subcategory,ADD:
ETF Collection	310Single line
	Single line2,467

Subcategory,Less:
Service Charge	14
NSF Check	60
Printed Checks	26
Check Error	245Single line

Adjusted Balance	Single line2,122Double line

Journal
Date	Description	Debit	Credit
July 31	Cash	310
July 31	Rent Revenue		310

July 31	Bank Fees Expense	40
July 31	Accounts Receivable	60
July 31	Salaries Expense	245
July 31	Cash		345