Problem 7-13

The cash account of Indigo Co. showed a ledger balance of $12,545.12 on June 30, 2017. The bank statement as of that date showed a balance of $13,280.00. Upon comparing the statement with the cash records, the following facts were determined.

1.		There were bank service charges for June of $80.00.
2.		A bank memo stated that Bao Dais note for $3,840.00 and interest of $115.20 had been collected on June 29, and the bank had made a charge of $17.60 on the collection. (No entry had been made on Indigos books when Bao Dais note was sent to the bank for collection.)
3.		Receipts for June 30 for $10,848.00 were not deposited until July 2.
4.		Checks outstanding on June 30 totaled $6,835.36.
5.		The bank had charged the Indigo Co.s account for a customers uncollectible check amounting to $810.24 on June 29.
6.		A customers check for $288.00 (as payment on the customers Accounts Receivable) had been entered as $192.00 in the cash receipts journal by Indigo 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 $186.24 had been entered as $1,862.40. Both checks had been issued to pay for purchase of equipment and were payments on Indigos Accounts Payable