Question

On July 31, 2022, Splish Brothers Company had a cash balance per books of $6,330. The statement from Dakota State Bank on that date showed a balance of $7,880.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2 3. 4. The bank service charge for July was $22. The bank collected $1,710.00 for Splish Brothers Company through electronic funds transfer. The July 31 receipts of $1,386,30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $354 that cleared the bank in July was incorrectly entered in the cash payments record on July 10 for $345. Checks outstanding on July 31 totaled $2,023.10. On July 31, the bank statement showed an NSF charge of $765.00 for a check received by the company from W.Krueger, a customer, on account 5. 6.

Answer 1

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A B С D E F G HT K L 1 2 3 4 5 Assets Liabilities Stockholders Equity Cash + Accountss Rec. E Accounts Pay Rev - Exp -22 + + 22 Bank charges expense 1710 + -1710= + -9+ -9+ 6 7 8 -765 + 765= + 9