Chapter 7 Homework Question 6 of 6 > - /1 E Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2020, the company's Cash account per its general ledger showed a balance of $6,738.90. The bank statement from Emporia State Bank on that date showed the following balance. EMPORIA STATE BANK Checks and Debits Deposits and Credits XXX XXX Daily Balance 5-316,968.00 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. 2. 3. 4. The statement included a debit memo of $40.00 for the printing of additional company checks, Cash sales of $883.15 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $933.15. The bank credited Timmins Company for the correct amount. Outstanding checks at May 31 totaled $276.25, and deposits in transit were $1,880.15. On May 18, the company issued check No. 1181 for $685.00 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Timmins Company for $658.00. A $2,690.00 note receivable was collected by the bank for Timmins Company on May 31 through electronic funds transfer. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $360.00 that was incorrectly charged to Timmins Company by the bank. On May 31, the bank statement showed an NSF charge of $380.00 for a check issued by Sara Ballard, a customer, to Timmins Company on account. 5. 6. 7. Question 6 of 6