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 lists $41 in bank service charges; 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 company's cash in the bank.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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