At the end of the month of July you close the books of your company and received the bank statement. You are ready to start with the Adjusting journal entries and realized that a bank reconciliation must be performed.
First you collect the data from June 30th reconciliation as follows:
Balance per Bank$10,000add: Deposits in Transit$6,300deduct: Outstanding Cheques$(5,000)Balance per Books$9,600
Second you close your update your Cash and bank account with all transactions recorded before AJE and you have:
Balance July 31$11,000Deposits$8,500Cheques$6,500
Third you look at the bank statement provided by your bank and you see the following:
Balance July 31$10,280Deposits$13,000Cheques$10,000Note collected$700Bank service charge$ 50NSF cheque$1,000Interest received$180Autowithdrawals$250
What is the amount of deposits made in July?
None of the others alternatives are correct