Find Replace Insert Select all object Editing yed improperly 1234 Chapter 4 Homework The cash records and bank statement for the month of May for Steal Magnolias incare shown below Steal Magnolias Cash Account Records May 1, 2021. to May 31, 2021 Cash Balance May 1, 2021 $5,370 Cash Receipts $11.590 Cash Receipts Cash Disbursements $11.680 Cash Disbursements Cash Balar May 31, 20 $5.280 Dat e Amount $ 1,370 1.800 5/7 S Date 5/3 5/10 5/17 5/24 5/31 Desc Sales Sales Sales Sales Sales 2.430 Check 471 472 473 474 475 476 5/12 5/15 5/22 5/30 5/31 Desc Legal fees Property Salanes Advertising Supplies Salaries 2.900 3.090 S 1.21 1.58 351 1,41 46 3.51 $ 11,68 $11,590 PO Box 152547 Wachowia Bank Salelote, AL 748.30 We Watch Ova Ya (405) 369-CASH Account Holder Steal Magnolia Account Number 124 Laundering Way Federal PN 14834 Statement Date Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits May 1 2021 NO Tofa NO Total 56 170 7 59,672 9 $9.371 Account Details Deposits and Credits Withdrawals and Debts Date Amount Desc No Amount Desc 514 $ 1.37 DEP 5/1 469 46 $ 0 CHK 1 80 5/11 DEP 0 512 470 34 0 CHK 2.43 5/18 DEP 12 0 5/8 471 10 1.10 5/20 31 NOTE 0 6/11 NSF 0 5/20 51 INT 5/12 1,5 472 80 CHK 2.90 5/25 O DEP 5/18 473 3.6 10 CHK 5/31 21 NIT 5:20 51 CHK > EFT Find Replace sert bject Select all Editing ed improperly 245 17 5/31 EFT 21 INT 5/20 0 14 10 5/25 474 CHK 5/31 41 SF $ 9.67 2 S 9.3 71 Desc DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds . Additional information: The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470 which are outstanding as of April 30 2021 (prior month) The bank made the EFT on May 20 in error The bank accidentally charged Steal Magnolias for payment that should have been made on another account Steal Ma Bank Reco May 31 Bank's Cash Balance Per bank statement Pe Bank balance per reconciliation C Date General Journal Debit Credit Find Replace art ect Select all Editing improperly. 2 HERBER3 NE 7 Bank's Cash Balance Per bank statement Bank balance per reconciliation Date General Journal Debit Credit Identify each of the following as to the type of cash flow and whether it is an inflow or outflow: Operating to Financing Investing, or Not a cash flow Inflow (). Outflow (0) item in Neither IN Cash paid to vendors/suppliers Cash received from obtaining a bank loan Salariespaid Purchased supplies on account Cash collected from customers Purchase of computer paid for with a check Issued stock to investors for cash Sold inventory on account Monthly car payment Find Replace Insert Select all object Editing yed improperly 1234 Chapter 4 Homework The cash records and bank statement for the month of May for Steal Magnolias incare shown below Steal Magnolias Cash Account Records May 1, 2021. to May 31, 2021 Cash Balance May 1, 2021 $5,370 Cash Receipts $11.590 Cash Receipts Cash Disbursements $11.680 Cash Disbursements Cash Balar May 31, 20 $5.280 Dat e Amount $ 1,370 1.800 5/7 S Date 5/3 5/10 5/17 5/24 5/31 Desc Sales Sales Sales Sales Sales 2.430 Check 471 472 473 474 475 476 5/12 5/15 5/22 5/30 5/31 Desc Legal fees Property Salanes Advertising Supplies Salaries 2.900 3.090 S 1.21 1.58 351 1,41 46 3.51 $ 11,68 $11,590 PO Box 152547 Wachowia Bank Salelote, AL 748.30 We Watch Ova Ya (405) 369-CASH Account Holder Steal Magnolia Account Number 124 Laundering Way Federal PN 14834 Statement Date Account Summary Beginning Balance Deposits and Credits Withdrawals and Debits May 1 2021 NO Tofa NO Total 56 170 7 59,672 9 $9.371 Account Details Deposits and Credits Withdrawals and Debts Date Amount Desc No Amount Desc 514 $ 1.37 DEP 5/1 469 46 $ 0 CHK 1 80 5/11 DEP 0 512 470 34 0 CHK 2.43 5/18 DEP 12 0 5/8 471 10 1.10 5/20 31 NOTE 0 6/11 NSF 0 5/20 51 INT 5/12 1,5 472 80 CHK 2.90 5/25 O DEP 5/18 473 3.6 10 CHK 5/31 21 NIT 5:20 51 CHK > EFT Find Replace sert bject Select all Editing ed improperly 245 17 5/31 EFT 21 INT 5/20 0 14 10 5/25 474 CHK 5/31 41 SF $ 9.67 2 S 9.3 71 Desc DEP Customer deposit NOTE Note collected EFT Electronic funds transfer INT Interest earned CHK Customer check SF Service fees NSF Nonsufficient funds . Additional information: The difference in the beginning balances in the company's records and the bank statement relates to checks #469 and #470 which are outstanding as of April 30 2021 (prior month) The bank made the EFT on May 20 in error The bank accidentally charged Steal Magnolias for payment that should have been made on another account Steal Ma Bank Reco May 31 Bank's Cash Balance Per bank statement Pe Bank balance per reconciliation C Date General Journal Debit Credit Find Replace art ect Select all Editing improperly. 2 HERBER3 NE 7 Bank's Cash Balance Per bank statement Bank balance per reconciliation Date General Journal Debit Credit Identify each of the following as to the type of cash flow and whether it is an inflow or outflow: Operating to Financing Investing, or Not a cash flow Inflow (). Outflow (0) item in Neither IN Cash paid to vendors/suppliers Cash received from obtaining a bank loan Salariespaid Purchased supplies on account Cash collected from customers Purchase of computer paid for with a check Issued stock to investors for cash Sold inventory on account Monthly car payment