1. Bank reconciliation information for Cole Co. for May 31, 2011 is as follows:

(a)	The bank statement balance is $2,936.
(b)	The cash account balance is $3,194.
(c)	Outstanding checks amounted to $465.
(d)	Deposits in transit are $655.
(e)	The bank service charge is $50.
(f)	A check for $97 for supplies was recorded as $79 in the ledger.

Record the appropriate journal entry for Cole Co.

2. Consider the following journal entry made by Jones Company. Upon investigation, what might you find happened to create this amount of Cash Over/Short account difference? Give three possible reasons for this difference.

How much was the Beginning Balance of the Cash Account?

Cash	2,235.00
Cash Short and Over		100.00
Sales		2,135.00