Question: Current Attempt in Progress On July 31, Sandhill Ltd. had a cash balance of $19,410 in its general ledger. The bank statement from the

Current Attempt in Progress On July 31, Sandhill Ltd. had a cashbalance of $19,410 in its general ledger. The bank statement from theCaisse Populaire on that date showed a balance of $32,720. A comparison

Current Attempt in Progress On July 31, Sandhill Ltd. had a cash balance of $19,410 in its general ledger. The bank statement from the Caisse Populaire on that date showed a balance of $32,720. A comparison of the bank statement with the Cash account revealed the following: 1. The bank statement included service charges and debit and credit card processing fees of $170. 2. The bank statement included electronic collections from customers on account totalling $7.900. Sandhill had not recorded the EFT. 3. 4. 5. A deposit of $4,630 made by another company was incorrectly added to Sandhill's account by the Caisse Populaire. Salaries of $6,260 were paid electronically during the month. The company has already recorded these. Cheques outstanding on June 30 totalled $4,160. Of these, $3,210 worth cleared the bank in July. All cheques written in July cleared the bank in July,

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