Blairsville Corp ​
an Analysis of Canceled Checks and Deposits and the Bank

Blairsville Corp.prepares monthly bank reconciliations of its checking account balance.The bank statement for July 2016 indicated the following: $\begin{array}{lr}\text { Balance, July } 31,2016 & \$ 63,400 \\\text { Service charge for July } & 160 \\\text { Interest earned during July } & 100 \\\text { NSF check from Black Corp. (deposited by Blairsville) } & 1,150 \\\text { Note }(\$ 3,000) \text { and interest }(\$ 80) \text { collected for Blairsville from a } & 3,080 \\\text { customer of Blairsville's } &\end{array}$ ​
An analysis of canceled checks and deposits and the records of Blairsville revealed the following items: $\begin{array}{lr}\text { Checking account balance per Blairsville's books } & \$ 58,770 \\\text { Outstanding checks as of July } 31 & 4,630 \\\text { Deposit in transit at July } 31 & 1,780 \\\text { Error in recording check \#205 issued by Blairsville } & 90\\\end{array}$ ​
The correct amount of check #205 is $540, but it was recorded as a cash disbursement of $450.The check was issued to pay for merchandise purchases.The check appeared on the bank statement correctly.
A) Prepare a bank reconciliation schedule at July 31, 2016, in proper form.
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B) What amount would Blairsville report on its balance sheet at July 31, 2016, for cash?
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