Cantu Office Supply Company received a bank statement showing a balance of $68,005 as of March 31,
Question:
1. A debit memorandum for $50, which covers the bank's collection fee for the note.
2. A deposit in transit of $3,700.
3. A check for $248 issued by another firm that was mistakenly charged to Cantu's account.
4. A debit memorandum for an NSF check of $6,135 issued by Wilson Construction Company, a credit customer.
5. Outstanding checks: Check 3782 for $2,200; Check 3840 for $151.
6. A credit memorandum for a $6,300 noninterest-bearing note receivable that the bank collected for the firm.
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0073396958
2nd edition
Authors: David Haddock, John Price, Michael Farina
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