1

Marigold Spa show5 a general ledger balance for the Cash account of $3.952.35 on June 30 and the bark statement as of that date indicates a balance of $4,145.00. When the statement was compared with the cash records, the following facts were determined: 1. There were bank service charges for June of $32.00. 2. A bank memo stated that Bio Dai's note for $902.00 and interest of $40.00 had been collected on June 29 and the bank had charged $6.00 for the collection. Arry interest revenue has not been accrued. 3. Deposits in transit June 30 were $2.890.00. 4. Cheques outstanding on June 30 totalled $2,141.05. 5. On June 29, the bank had charged Marigold Spa's account for a customer's NSF cheque amounting to $48320. 6. A customer's cheque received as a payment on account of $83.00 had been entered as $59.00 in the cash receipts juimal by Marigold Spa on June 15. 7. Cheque no. 742 in the amount of $475.00 had been entered in the books as $444.00, and cheque no. 747 in the amount of $42.20 had been entered as $570.00. Both cheques were issued as payments on account. 8. In May, the bank had charged a $16.50 Wella Spa cheque against the Marigold Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. Prepare a bank reconciliation at June 30 . (List items that increase bolance as per bank & books first. Round anwers to 2 decimel places, e.g. 52.75.) Prepare ary journal entries that are necded to adjust the Cash account at June 30. (Credit occount titier are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tities and enter Ofor the dmounts. Round enswers to 2 decimal places, eg. 52.75J (To correct error and record cash receipts) June 30 (To record NSF cheque and other cash payments) Question Part Score Attempts: 0 of 1 used Solmithawat