PRINTER VERSION4BA Problem 7-SA (Part Level Submission) Carla Vista Co. of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 3, 2017, the company's Cash account per its general ledger showed a balance of $6,828.90. The bank statement from Emporia State Bank on that date showed the following balance. EMPORIA STATE BANK Checks and Debits Deposits and Credits Daily Balance 5-31 7,058.00 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. The statement included a debit memo of $58.00 for the printing of additional company checks ash sales of $901.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for s$o51.15. The bank credited Carla vista Co. for the correct amount. . outstanding checks at May 31 totaled $294.25, and deposits in transit were $1,898.15 4. On May 18, the company issued check No. 1181 for $683.00 to H. Moses, on account. The check 5. A $2,798.00 note receivable was collected by the bank for Carla Vista Co. on May 31 through electronic funds transfer which cleared the bank in May, was incorrectly journalized and posted by Carla Vista Co. for $638.00. ded with the canceled checks was a check issued by Tomins Company to c. Pernod for $342.00 that was incorrectly charged to Carla Vista Co. by the bank. bank statement showed an NSF charge of $470.00 for a check issued by Sara Ballard, a customer, to Carla Vista Co. on account. 7. On May 31, the stat Prepare the bank reconcilition at May 31, 2017. (ist items that increase balance as per bank s books first.) CARLA VISTA CO Bank R May 31, 2017 ll Rights Reserved cy Policy