E5-13

Recording cash sales; cash over

Obj|2, 3

The actual cash received from cash sales was $14,356, and the amount indicated by the cash register total was $14,290.

• a.What is the amount deposited in the bank for the day’s sales?
• b.What is amount recorded for the day’s sales?
• c.How should the difference be recorded?
• d.If a cashier is consistently over or short, what action should be taken?

E5-18

Bank reconcilliation

Obj|5

✓ Adjusted balance: $24,500

The following data were accumulated for use in reconciling the bank account of Camela Co. for July:

• a.Cash balance according to the company’s records at July 31, $24,010.
• b.Cash balance according to the bank statement at July 31, $22,750.
• c.Checks outstanding, $7,350.
• d.Deposit in transit, not recorded by bank, $9,100.
• e.A check for $170 in payment of an account was erroneously recorded in the check register as $710.
• f.Bank debit memo for service charges, $50.

Prepare a bank reconciliation, using the format shown in Exhibit 6.

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.