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*problem 7-3A (Part Level Submission) On July 31, 2014, Redeker Company had a cash balance per books of $6,400. 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 $6,400. The statement from Nashota State Bank on that date showed a balance of $7,950.80. A companson of the bank statement with the Cash account revealed the following facts. 1. The bank service charge for July was $24. 2. The bank collected a note receivable of $1,677 for Redeker Company on July 15, plus $31 of interest. The bank made a $11 charge for the collection. Redeker has not accrued any interest on the note. 3. The July 31 receipts of $1,371.30 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 $394.00 that cleared the bank in July was incorrectly entered in the cash payments journal on July 10 for $349.00. 5. Checks outstanding on July 31 totaled $2,046.10. 6. On July 31, the bank statement showed an NSF charge of $752 for a check received by the company from K. Wagner, a customer, on account
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