Foreign Policy

Problem 7-5 A Not enter by margin or mistake made by avow. 3. Outstanding checks at may 31 totaled $276.25, and deposits in transit were $1,880.15. take time off 276.25and sum up 1,880.15 to jargon balance. 6. Included with the scratch checks was a check issued by Shellman Company to P. Jonet for $360 that was in conciliately aerated to Shellankamp Company by the bank. bind 360 to bank balance. Not enter by business or mistake made by business. 1. The statement included a debit memo of $40 for the printing of additional alliance checks. Subtract 40 from currency balance. Dr Bank Fees 40 Cr hang on 40 2. specie sales of $833.15 on May 12 were deposited in the bank. The interchange receipts journal entry and the deposit shift were in advancely made for $839.15. The bank credited Shellankamp Company for the correct amount. 839.15 833.15 = $6 set forth from cash balance. Dr Sales 6 Cr fliers 6 4. On May 18, the society issued check No. 1181 for $685 to R. Delzer, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Shellankamp Company for $658. 685 658 = $17 subtract from cash balance Dr Accounts Payable 17 Cr bills 17 5.

A $2,700 note receivable was collected by the bank of Shellankamp Company on May 31 totality $110 interest. The bank aerated a collection flip of $20.00. No interest has been accrued on the note. 2,700 + 110 20 = $2,790 add to cash balance. Dr Cash 2,790 Dr Bank Fees 20 Cr Notes ascribable 2,700 Cr Interest revenue enhancement 110 7. On May 31, the bank statement showed an NSF charge of $380 for a check issued by Natalie Fong, a customer, to Shellankamp Company on account. Subtract 380 from cash balance. Dr Accounts Receivable 380 Cr Cash 380 Bank sense of equilibrium: http://answers.yahoo.com/question/ tycoon?qid=20110726204649AAgLAknIf you exigency to get a rise essay, order it on our website: Orderessay

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