E4-19A. The bank statement for Rudy's Painting Company had an ending balance as of March 31 of $42,765.88. Also listed on the statement was a service charge of $27.50. Check # 1305 that Rudy wrote to pay for equipment purchased March 25 has not cleared the bank yet?the amount was $6,725.15. Deposits in transit were $3,185.64. Rudy's bank collected a $1,100 note for him in March.After reviewing the bank statement and the cancelled check, Rudy discovered that the bank mistakenly deducted $1,185.19 from his account on a check that was written by Ruby's Landscaping.

Calculate the true cash balance as of March 31.

E4-23A. Janie Johnson is having trouble was the bank reconciliation at January 31. Her reconciliation is as follows:

Cash balance per books Less deposits in transit Add outstanding checks Adjusted balance per books Cash balance per bank Add NSF check Less bank service charge Adjusted balance per bank May 2 May 9 May 16 May 22 May 24 Purchased refrigerators on account at a total cost of $500,000: terms If 10, N30 Paid freight of $800 on refrigerators purchased from GE Returned refrigerators to GE because they were damaged: received a credit. of $5.000 from GE Sold refrigerators costing $100,000 for $180,000 to Pizzeria Number ] on account, terms m'BO Gave a credit of $3.000 to Pizzeria Number 1 for the return of a refrigerator not ordered. Clark's cost was $1,200. June 2 June 4 June 6 June 9 June [0 June 22 June 24 June 25 Purchased $4,000 of merchandise inventory on account from Plumes, lnc., with terms 310. NH] and FOB destination. Freight costs associated with this purchase were $225. Returned $400 of damaged merchandise to Plumes. lnc. Sold $7.000 of merchandise to Fancy Caps on account. terms 1115. M30 and F03 shipping point. Freight costs were $125. The cost of the inventory sold was $3,500. Paid the amount owed to Plumes. Inc. Granted Fancy Caps an allowance on the June 6 sale of $300 for minor damage found on several pieces of merchandise Received total payment owed from Fancy Caps Paid sales salaries of $ l .850 Paid the rent on the showroom of $1.200 August 11 Purchased four units at $400 each August 13 Sold five units at $425 each August 14 Purchased three units at 3375 August 18 Sold two units at $425 each August 21 Sold three units at $425 each August 26 Purchased one unit at $380 MENIQBI No. of units Unit cost Total cost Beginning Inventory Purchases COSt Of @0065 available for sale No. of units Sales Price Total revenue Sales $425