Problem 7-6A When Sunland Holdings Ltd. recelved its bank statement for the month of October, it showed that the company had a cash balance of $19,426 as at October 31. Sunland's general ledger showed a cash balance of $20,400 at that date. A comparison of the bank statement and the accounting records revealed the following information 1. Bank service and credit card charges for the month were $7 2. A cheque, in the amount of $570, from one of Sunland's customers that had been deposited during the last week of October was returned with the bank statement as "NSF." 3. Cheque #3421, which was a payment for utilities expenses, had been correctly written for $870 but had been incorrectly recorded in the general ledger as $780. 4. Sunland had written and mailed out cheques with a value of $2,570 that had not yet cleared the bank account. 5. During the month, the bank collected a $2,700 note receivable plus the outstanding interest of $243 on behalf of Sunland. The interest had already been accrued. 6. The cash receipts for October 31 amounted to $5,820 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October