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On July 3 1 , Cullumber Ltd . had a cash balance of $ 1 3 , 4 4 0 in its general ledger. The
On July Cullumber Ltd had a cash balance of $ in its general ledger. The bank statement from the Caisse Populaire on that date showed a balance of $ A comparison of the bank statement with the Cash account revealed the following: The bank statement included service charges and debit and credit card processing fees of $ The bank statement included electronic collections from customers on account totalling $ Cullumber had not recorded the EFT. A deposit of $ made by another company was incorrectly added to Cullumber's account by the Caisse Populaire. Salaries of $ were paid electronically during the month. The company has already recorded these. Cheques outstanding on June totalled $ Of these. $ worth cleared the bank in July. All cheques written in July cleared the bank in July.
On July Cullumber Ltd had a cash balance of $ in its general ledger. The bank statement from the Caisse Populaire on that date showed a balance of $ A comparison of the bank statement with the Cash account revealed the following:
The bank statement included service charges and debit and credit card processing fees of $
The bank statement included electronic collections from customers on account totalling $ Cullumber had not recorded the EFT.
A deposit of $ made by another company was incorrectly added to Cullumber's account by the Caisse Populaire.
Salaries of $ were paid electronically during the month. The company has already recorded these.
Cheques outstanding on June totalled $ Of these. $ worth cleared the bank in July. All cheques written in July cleared the bank in July.
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