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Need help on why I am getting the numbers in red wrong On July 31, 2014, Redeker Company had a cash balance per books of
Need help on why I am getting the numbers in red wrong
On July 31, 2014, Redeker Company had a cash balance per books of $6,426. The statement from Nashota State Bank on that date showed a balance of $7,976.80. A comparison of the bank statement with the Cash account revealed the following facts. The bank service charge for July was $19. The bank collected a note receivable of $1,613 for Redeker Company on July 15, plus $36 of interest. The bank made a $16 charge for the collection. Redeker has not accrued any interest on the note. The July 31 receipts of $1,312.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to T. Laird, a creditor, for $354.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $345.00. Checks outstanding on July 31 totaled $1,946.10. On July 31, the bank statement showed an NSF charge of $688 for a check received by the company from K. Wagner, a customer, on accountStep by Step Solution
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