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- / 20 XXX XXX 5-317,118.00 A comparison of the details on the bank statement with the details in the Cash account revealed the following
- / 20 XXX XXX 5-317,118.00 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. 2 3. The statement included a debit memo of $54.00 for the printing of additional company checks. Cash sales of $897.15 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $947.15. The bank credited Sandhill Co. for the correct amount. Outstanding checks at May 31 totaled $285.25, and deposits in transit were $1,894,15. On May 18, the company issued check No 1181 for $684.00 to H. Moses, on account. The check, which cleared the bank in My. was incorrectly journalized and posted by Sandhill Co for $648.00. $2,854.00 was collected from a customer's note receivable by the bank for Sandhill Co. on May 31 through electronic funds transfer 4. 5. 5 6. Included with the canceled checks was a check issued by Tomins Company to C.Pernod for $346.00 that was incorrectly charged to Sandhill Co, by the bank On May 31, the bank statement showed an NSF charge of $530.00 for a check Issued by Sara Ballard a customer, to Sandhill Co on account 7. Prepare the bank reconciliation at May 31, 2022. (List Items that increase balance as per bank & books first. Round answers to 2 decimal places, eg. 52.75.) SANDHILL CO. Bank Reconciliation $ $
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