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E.On May 31, 2012 Sabre Company had a cash balance per books of $6,781.50. The bank statement from New York State Bank on that date

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E.On May 31, 2012 Sabre Company had a cash balance per books of $6,781.50. The bank statement from New York State Bank on that date showed a balance of $640460.A comparison of the statement with the cash account revealed the following facts: 1. The statement included a debit memo ofS00 for the printing of additional company checks 2. Cash sales of $836.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $886.15.The bank credited Sabre Company for the correct amount. Outstanding checks at May 31 totaled S576.25. Deposits in transit were SI 916.15. 4. On May 18 the company issued check No. 1181 for $685 o Carol Stills on account. The check, which cleared the bank in was incorrectly journalized and posted by Sabre Company for May, 5. AS2.500 note receivable was collected by the bank for Sabre Company on May 31 plus S80 interest. The bank charged a colloction fee of $20. No interest has been accrued on the note. 6. Included with the cancelled checks was a check issued by Rapier Company to Tom Lujak for S800 that was incorrectly charged to Sabre Company by the bank On May 31. the bank statement showed an NSF charge of $680 for a check issued by Jo Bennett, a to Sabre Company on account customer. Tab 10 1.Propare the bank reconciliation at May 31,2012. Managers must have the ability to analyze financial statements. To provide you with the opportunity to experience a comprehensive analysis, this assignment requires you to perform vertcal analysis (common-sizing) and horizontal (trond analysisof an Income Statement and a Balanco Sheet, calculate liquidity, actvity, profitability, and coverage ratios, and, finally, to interpret the results. This company has no Preformed Stock and pays no divdends. F. The 2008-2010 Income Statements and Balance Sheets for ABC Company have been entored into the A1 Workbook, on tabs 11

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