Question: The following errors were found when the controller at sundland camping was doing the july 3 1 bank reconcilation 1 . On july 9 ,

The following errors were found when the controller at sundland camping was doing the july 31 bank reconcilation
1. On july 9, sunland recorded a deposit as 2,078. The correct amount was 7,820. The deposit was for the collection of an account receivable and rhe bank recorded it correctly.
2. On july14, sunland recorded a payment on account as 1,900. The correct amount was 1,090. It was correctly recorded by the bank
3. On july 16,sunland recorded a payment for the purchase of supplies as 470. The correct amount 740. It was correctly recorded by the bank
4.on july 22,the bank recorded a deposit as 730. The correct amount was 370.this error was corrected by the bank on july 23, sunland had correclty recorded the deposit
5. On july 25, sunland recorded a deposit as 689. The correct amount was 869. The deposit was for rhe collection of an account receivable. This deposit was correclty recorded by the bank on july 28
6. On july 31. The bank debited sunlands account 470 for a cheque written by another company, country land because the account number on the cheque had been damaged . The bank employee who lookedup the account number made a mistake describe the impact of each of these items on rhe bank reconcillation
Prepare any entries that sunland will need to record

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The following errors were found when the controller at Sunland Camping was doing the July 31 bank reconciliation 1. 2. 3. On July 9, Sunland recorded a deposit as $2.010. The correct amount was...

Q:

2 3. The following errors were found when the controller at Sunland Camping was doing the July 31 bank reconciliation On July 9, Sunland recorded a deposit as $2,010. The correct amount was $2,060....

Q:

The following errors were found when the controller at Sunland Camping was doing the July 3 1 bank reconciliation. On July 9 , Sunland recorded a deposit as $ 2 , 0 6 7 . The correct amount was $ 6 ,...

Q:

The following errors were found when the controller at Sunland Camping was doing the July 31 bank reconciliation. 1. On July 9, Sunland recorded a deposit as $2,067. The correct amount was $6,720....

Q:

The following errors were found when the controller at Oriole Camping was doing the July 3 1 bank reconciliation. 1 . On July 9 , Oriole recorded a deposit as $ 2 , 0 7 5 . The correct amount was $ 7...

Q:

Hope to be corrected, there are many problems with the second chart. The following errors were found when the controller at Crane Camping was doing the July 31 bank reconciliation. 1. 2. 3. On July...

Q:

The following errors were found when the controller at Oriole Camping was doing the July 31 bank reconciliation. 1. On July 9, Oriole recorded a deposit as $2,170. The correct amount was $2,230. The...

Q:

The following errors were found when the controller at Sandhill Camping was doing the July 31 bank reconciliation. the 1. On July 9, Sandhill recorded a deposit as $2,180. The correct amount was...

Q:

The following errors were found when the controller at Crane Camping was doing the July 31 bank reconciliation. 1. On July 9, Crane recorded a deposit as $2,400. The correct amount was $2,440. The...

Q:

Question 3 The following errors were found when the controller at Crane Camping was doing the July 31 bank reconciliation. 1. On July 9, Crane recorded a deposit as $2,280. The correct amount was...

Q:

Valley Production (VP) manufactures two types of chemicals. One is the Potassium Chloride-Pharmacological grade (KCL-P) and the other is the Potassium Chloride-Technical grade (KCL-T). The accounting...

Q:

A chemical company manufactures three chemicals: A, B, and C. These chemicals are produced via two production processes: 1 and 2. Running process 1 for an hour costs $400 and yields 300 units of A,...

Q:

Which of the following is a correct statement regarding distributions from a health savings account?

Q:

If the following join statement is used to join two tables in a query, which of the following tables would all of the tuples in the relation appear in results? left join university.students on...