N. 2 The following errors were found when the controller at Sheridan Hotel was doing the...
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N. 2 The following errors were found when the controller at Sheridan Hotel was doing the March 31 bank reconciliation. 1. 2. 3. On March 5, Sheridan recorded a payment of an account payable as $2.490. The correct amount was $1.360. It was correctly recorded by the bank. On March 19, Sheridan recorded a deposit as $2.400. The correct amount was $4,160. The deposit was for the collection of an account receivable and the bank recorded it correctly. On March 31, the bank recorded a deposit as $5,560. The correct amount was $2,170. This error was corrected by the bank on April 1. Sheridan had correctly recorded the deposit. 1. For each of these errors indicate if and how it would be shown on the bank reconciliation. $ N. 2 The following errors were found when the controller at Sheridan Hotel was doing the March 31 bank reconciliation. 1. 2. 3. On March 5, Sheridan recorded a payment of an account payable as $2.490. The correct amount was $1.360. It was correctly recorded by the bank. On March 19, Sheridan recorded a deposit as $2.400. The correct amount was $4,160. The deposit was for the collection of an account receivable and the bank recorded it correctly. On March 31, the bank recorded a deposit as $5,560. The correct amount was $2,170. This error was corrected by the bank on April 1. Sheridan had correctly recorded the deposit. 1. For each of these errors indicate if and how it would be shown on the bank reconciliation. $
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