C-3) The following information was gathered from the books of A & A Products in order to prepare its bank reconciliation:

Balance per bank statement, June 30 $11,800

Balance per Ledger, June 30 $13,160

Interest earned $40

Outstanding Checks $ 200

Returned check $300

Deposits in transit $1,200

Additional Information

A. A & A Products bookkeeper correctly recorded one of its deposits for $800, although the bank recorded only $700.

B. A & A Products has a petty cash fund of $500.

C. A &A Products had two certificates of deposit on June 30. The first was $20,000 six month CD with a maturity date of October 15th and the other was a $30,000, 90-day CD with a maturity date of August 15th. Both are included in the cash account.

D. A&A Products had $25 of stamps on hand.

E. Included in the cash ledger balance was $1,100 of cash deposits received from customers. A&A Products had not yet delivered the goods to the customer as of June 30.

F. A&A products had $5, 000 set aside in a bond sinking fund. The amount was not included in the cash ledger balance.

G. On June 14th, A&A Products paid in a refundable cash deposit of $800 to the Rent-A-Truck Corporation. The rental period was for 45 days. The cash ledger properly reflected the payment on June 14th.

H. A&A Products received a check from one of their customers on June 20th, the check was dated July 6, in the amount of $550. This amount was not included in the ledger balance.

Required: Complete the following schedule regarding items A H. CASH EFFECT (USE INCREASE, DECREASE, OR NO EFFECT)

A.

B.

C.

D.

E.

F.

G.

H.