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please provide the answer as soon as possible but correct Rodriguez Company maintains a checking account at the Imura Bank. At July 31 , selected
please provide the answer as soon as possible but correct
Rodriguez Company maintains a checking account at the Imura Bank. At July 31 , selected data from the ledger balance and the bank statement are shown below. Analysis of the bank data reveals that the credits consist of $79,000 of July deposits and a credit memorandum of $4,978 for the collection of a $4,900 note plus interest revenue of $78. The July debits per bank consist of checks cleared $75,192 and a debit memorandum of $64 for printing additional company checks. You also discover the following errors involving July checks. (1) A check for \$290 to a creditor on account that cleared the bank in July was journalized and posted as $920. (2) A salary check to an employee for $655 was recorded by the bank for $555. You also discover the following errors involving July checks. (1) A check for $290 to a creditor on account that cleared the bank in July was journalized and posted as $920. (2) A salary check to an employee for $655 was recorded by the bank for $555. The June 30 bank reconciliation contained only two reconciling items: deposits in transit $8,500 and outstanding checks of $6,700Step by Step Solution
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