Business
Business, 19.12.2019 22:31, cheatcodeb

The bank statement for farmer co. indicates a balance of $7,735.00 on june 30. after the journal entries for june had been posted, the cash account had a balance of $4,098.00. prepare a bank reconciliation on the basis of the following reconciling items: cash sales of $742 had been erroneously recorded in the cash receipts journal as $724. deposits in transit not recorded by bank, $425. bank debit memo for service charges, $35. bank credit memo for note collected by bank, $2,475 including $75 interest. bank debit memo for $256 nsf (not sufficient funds) check from janice smith, a customer. checks outstanding, $1,860.

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The bank statement for farmer co. indicates a balance of $7,735.00 on june 30. after the journal ent...

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