Exercise D $(15$ marks$)$

Holder Company deposits all cash receipts intact each day and makes all payments by check. On October $31,$ after all posting was completed, its Cash account had a debit balance of $ $5000.$ The bank statement for the month ended on October $31$ showed a balance of $ $3,980.$ Other data are:

Outstanding checks total $ $620.$

October $31$ cash receipts of $ $850$ were placed in the bank$$s night depository and do not appear on the bank statement.

Bank service charges for October are $ $15.$

Check No$.72$ for store supplies on hand was entered at $ $750,$ but paid by the bank at its actual amount of $ $485.$

A check of $$500$ received by a customer was returned NSF$.$ The bank charged $$10$ NSF fee.