The bank statement for Gatlin Co. indicates a balance of $7,735 on June 30. After the journals for June had been posted, the cash account had a balance of $4,098.?
(a)Cash sales of $742 had been erroneously recorded in the cash receipts journal as $724.
(b)Deposits in transit not recorded by bank, $425.
(c)Bank debit memo for service charges, $35.
(d)Bank credit memo for note collected by bank, $2,475 including $75 interest.
(e)Bank debit memo for $256 NSF
(not sufficient funds) check from Janice Smith, a customer.
(f)Checks outstanding, $1,860.?Record the appropriate journal entries that would be necessary for Gatlin Co.

Question

The bank statement for Gatlin Co. indicates a balance of $7,735 on June 30. After the journals for June had been posted, the cash account had a balance of $4,098.?
(a)Cash sales of $742 had been erroneously recorded in the cash receipts journal as $724.
(b)Deposits in transit not recorded by bank, $425.
(c)Bank debit memo for service charges, $35.
(d)Bank credit memo for note collected by bank, $2,475 including $75 interest.
(e)Bank debit memo for $256 NSF 
(not sufficient funds) check from Janice Smith, a customer.
(f)Checks outstanding, $1,860.?Record the appropriate journal entries that would be necessary for Gatlin Co.

Quizplus · Accepted Answer

The Answer of The bank statement for Gatlin Co. indicates a balance of $7,735 on June 30. After the journals for June had been posted, the cash account had a balance of $4,098.?
(a)Cash sales of $742 had been erroneously recorded in the cash receipts journal as $724.
(b)Deposits in transit not recorded by bank, $425.
(c)Bank debit memo for service charges, $35.
(d)Bank credit memo for note collected by bank, $2,475 including $75 interest.
(e)Bank debit memo for $256 NSF 
(not sufficient funds) check from Janice Smith, a customer.
(f)Checks outstanding, $1,860.?Record the appropriate journal entries that would be necessary for Gatlin Co.

The Bank Statement for Gatlin Co