The following information pertains to Joyce Company. 1 Cash balance per bank, July 31, $ 7,419.
2. July bank service charge not recorded by the depositor $ 57. 3. Cash balance per books, July 31, $ 7,455. 4. Deposits in transit, July 31, $ 2,791.
5.
Note for $ 2,091 collected for Joyce Company in July by the bank, plus interest $ 55 less fee $ 39. The collection has not been recorded by Joyce Company, and no interest has been accrued.
6.
Outstanding checks, July 31, $ 705.
Exercise 7-14
Enright Company expects to have a cash balance of $ 63,550 on January 1, 2014. These are the relevant monthly budget data for the first two months of 2014.