Nolan Company deposits all cash receipts on the day when they are received and it makes all
Question:
a. Outstanding checks as of June 30 total $ 3,713.
b. The June 30 bank statement included a $ 41 debit memorandum for bank services; the company has not yet recorded the cost of these services.
c. In reviewing the bank statement, a $ 90 check written by the Company was mistakenly recorded in the company’s books at $ 99.
d. June 30 cash receipts of $ 4,724 were placed in the bank’s night depository after banking hours and were not recorded on the June 30 bank statement.
e. The bank statement included a $ 23 credit for interest earned on the cash in the bank.
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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