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Problem 7-3A (Part Level Submission) On July 31, 2014, Redeker Company had a cash balance per books of $6,415. The statement from Nashota State Bank
Problem 7-3A (Part Level Submission) On July 31, 2014, Redeker Company had a cash balance per books of $6,415. The statement from Nashota State Bank on that date showed a balance of $7,965.80. A comparison of the bank statement with the Cash account revealed the following facts. The bcctecarnote rcevabie i 1,618 for Redeker Company on buly 15, plus s36 of nterest. The bank made a s16 charge for the colection. Redesker has not 1. The bank service charge for July was $19. 2. The bank collected a note receivable of $1,618 for Redeker Company on July 15, plus $36 of interest. The bank made a $16 charge for the collection. Redeker has not accrued any interest on the note 3. The July 31 receipts of $1,317.30 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31. 4. Company check No. 2480 issued to T. Laird, a creditor, for $364.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $346.00. 5. Checks outstanding on July 31 totaled $1,960.10. 6. On July 31, the bank statement showed an NSF charge of $693 for a check received by the company from K. Wagner, a customer, on account. (a)
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