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Current Attempt in Progress Your answer is partially correct. For the months of January and February, Carla Vista Ltd. recorded cash deposits in its books
Current Attempt in Progress Your answer is partially correct. For the months of January and February, Carla Vista Ltd. recorded cash deposits in its books of $4,500 and $5,600, respectively. For the same two months, the bank reported deposits totalling $4,400 and $4,500, respectively. Assuming that there were no deposits in transit at the beginning of January, what was the amount of deposits in transit at the end of January and at the end of February? January February Deposit in transit $ 100 $ $ 1000 e Textbook and Media Save for Later Attempts: 3 of 5 used Submit Answer The following information relates to Sunland Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,290. During the month of July, Sunland recorded cash receipts of $20,960 and cash payments of $25,850 in the general ledger Cash account. At July 31, Sunland Limited had an reconciled cash balance of $16,607. An examination of the company's July bank statement shows a balance of $19,547 on July 31; outstanding cheques $3,917; deposits in transit $1,737; EFT collections on account that were not yet recorded on the books $2,189; NSF cheque $1,251; NSF fee $69; and bank services charges $109. Prepare the necessary journal entries required on July 31 for Sunland. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit July 31 Cash 2189 Accounts Receivable 2189 (To record EFT collections on account) Accounts Receivable - 1251 Cash -1320 (To record bank service charges) Utilities Expense -109 Cash - 109 (To record NSF cheque and fee) e Textbook and Media
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