Problem 7-5 A Not preserve by margin or mistake made by believe. 3. Outstanding checks at whitethorn 31 totaled $276.25, and deposits in transit were $1,880.15. subtract 276.25and consent 1,880.15 to edge balance. 6. Included with the sour checks was a check issued by Shellman Company to P. Jonet for $360 that was in conciliately aerated to Shellankamp Company by the bank. obligate 360 to bank balance. Not save by business or mistake made by business. 1. The statement included a debit memo of $40 for the printing of additional alinement checks. Subtract 40 from gold balance. Dr Bank Fees 40 Cr put back 40 2. specie sales of $833.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit elusion were in fixly made for $839.15. The bank credited Shellankamp Company for the correct amount. 839.15 833.15 = $6 subtract from cash balance. Dr Sales 6 Cr bullion 6 4. On May 18, the lodge issued check No. 1181 for $685 to R. Delzer, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Shellankamp Company for $658. 685 658 = $17 subtract from cash balance Dr Accounts Payable 17 Cr notes 17 5.
A $2,700 origin receivable was collected by the bank of Shellankamp Company on May 31 essence $110 interest. The bank charged a collection monger of $20.00. No interest has been accrued on the note. 2,700 + 110 20 = $2,790 add to cash balance. Dr Cash 2,790 Dr Bank Fees 20 Cr Notes cod 2,700 Cr Interest taxation 110 7. On May 31, the bank statement showed an NSF charge of $380 for a check issued by Natalie Fong, a customer, to Shellankamp Company on account. Subtract 380 from cash balance. Dr Accounts Receivable 380 Cr Cash 380 Bank oddment: http://answers.yahoo.com/question/ tycoon?qid=20110726204649AAgLAknIf you exigency to get a dependable essay, order it on our website: Ordercustompaper.com
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