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.
What will be an ideal response?
| Topper Company Bank Reconciliation July 31 | ||||
| Bank statement balance | $16,450 | Book balance | ? | $15,244 |
| Add: | ? | Add: | ? | ? |
| Deposit in transit | 1,275 | Collection of a note | ? | 570 |
| ? | 17,725 | ? | ? | 15,814 |
| Deduct: | ? | Deduct: | ? | ? |
| Outstanding checks | 2,063 | NSF check | $107 | ? |
| ? | ? | Check printing charges | 45 | 152 |
| Adjusted bank balance | $15,662 | Adjusted book balance | ? | $15,662 |
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