Problem 7-13 (Part Level Submission)

The cash account of Aguilar Co. showed a ledger balance of $5,528.99 on June 30, 2014. The bank statement as of that date showed a balance of $5,810.00. Upon comparing the statement with the cash records, the following facts were determined.

1.		There were bank service charges for June of $35.00.
2.		A bank memo stated that Bao Dais note for $1,680.00 and interest of $50.40 had been collected on June 29, and the bank had made a charge of $7.70 on the collection. (No entry had been made on Aguilars books when Bao Dais note was sent to the bank for collection.)
3.		Receipts for June 30 for $4,746.00 were not deposited until July 2.
4.		Checks outstanding on June 30 totaled $2,990.47.
5.		The bank had charged the Aguilar Co.s account for a customers uncollectible check amounting to $354.48 on June 29.
6.		A customers check for $126.00 (as payment on the customers Accounts Receivable) had been entered as $84.00 in the cash receipts journal by Aguilar on June 15.
7.		Check no. 742 in the amount of $491.00 had been entered in the cash journal as $419.00, and check no. 747 in the amount of $81.48 had been entered as $814.8. Both checks had been issued to pay for purchases and were payments on Aquilars Accounts Payable.

June 30, 2014