1)

Entry for Cash Sales; Cash Short

The actual cash received from cash sales was $41,568, and the amount indicated by the cash register total was $41,610.

a. What is the amount deposited in the bank for the day's sales? $

b. What is the amount recorded for the day's sales? $

2)

Bank Reconciliation

The following data were accumulated for use in reconciling the bank account of Ross Co. for March 20Y9:

Cash balance according to the companys records at March 31, $29,945.

Cash balance according to the bank statement at March 31, $29,200.

Checks outstanding, $11,600.

Deposit in transit, not recorded by bank, $12,400.

A check for $240 in payment of an account was erroneously recorded by Ross Co. as $420.

Bank debit memo for service charges, $125.

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

Ross Co.
Bank Reconciliation
March 31, 20Y9
Cash balance according to bank statement		$ Correct 5
Add bank service charge Add deposit in transit, not recorded by bank Add outstanding checks Deduct bank service charge Deduct deposit in transit, not recorded by bank Correct 6		Correct 7
		$ Correct 8
Add bank service charge Add outstanding checks Deduct bank service charge Deduct deposit in transit, not recorded by bank Deduct outstanding checks Correct 9		Correct 10
Adjusted balance		$ Correct 12
Cash balance according to Ross Co.		$ Correct 14
Add deposit in transit, not recorded by bank Add error in recording check as $420 by the company instead of $240 Add outstanding checks Deduct deposit in transit, not recorded by bank Deduct error in recording check as $420 by the company instead of $240 Correct 15		Correct 16
		$ Correct 17
Add bank service charge Add deposit in transit, not recorded by bank Add outstanding checks Deduct bank service charge Deduct outstanding checks Correct 18		Correct 19
Adjusted balance		$ Correct 21