only question 1

NO Text 1 2 3 4 Tiems Answers A personal deposit by Jim Grider to his personal account in the amount of $300 for dividends on his General Electric ordinary shares was credited to the company account Check for $320 correctly written and paid by the bank but incorrectly entered in the cash payments journal for $230. Deposit in transit Petty cash custodian has 886 in paid petty cash vouchers that have not been reimbursed Bank charged a check against the company which should have been charged to another company A check for $236 was correctly paid by the bank but was incorrectly entered in the cash payments journal for $263 The bank statement included a credit memorandum dated March 28 2021, for $30 for the monthly interest on a 6-month. $15,000 certificate of deposit that the company owns. 5 6 7 Horton Company has the following accounts receivable in its poenal ledger at July 31 Accounts Receivable $40.000. During August, the following transactions occurred 75 Aug Added 1 finance charges to $20,000 of credit card balances for not paying within the day pace period. (15Mark) 15 Sold $35.000 of accounts receivable to Fast Factors Inc. who charge a 2% commission. (Mark) 28 Collected $7.000 from Horton credit card customers including $350 of finance charges previously billed. (2 marki) Instructions (a) Journalize the transactions. (6. Marks) (b) Indicate the statement presentation of finance and service charges. (Mark)