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Question 10 of 29 - / 20 E Coronado Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31,

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Question 10 of 29 - / 20 E Coronado Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, the company's Cash account per its general ledger showed a balance of $6,201.00. The bank statement from Emporia State Bank on that date showed the following balance. Emporia State Bank Checks and Debits Deposits and Credits Daily Balance XXX XXX 5-31 6,310,40 1 2 3. A comparison of the details on the bank statement with the detalls in the Cash account revealed the following facts. The statement included a debit memo or $50 for the printing of additional company checks Cash sales of $821.44 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $881.44. The bank credited Coronado Company for the correct amount. Outstanding checks at May 31 totaled $237.45 and deposits in transit were $167105 On May 18, the company issued check No. 1181 for $685 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly Journalized and posted by Coronado Company for $658, 5. $2.700 was collected from a customer's note receivable by the bank for Coronado Company on May 31 through electronic funds transfer Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $390 that was incorrectly charged to Coronado Company by the bank. On May 31, the bank statement showed an NSF charge of $630 for a check issued by Sara Ballard, a customer to Coronado Company on account 4. 6. 7 Prepare the bank reconciliation at May 31, 2022. (List items that increase cash balance first.) CORONADO COMPANY Bank Reconciliation May 31, 2022 6,130 Add Bank Error-Tomins 390 Deposits in Transit S S Question 10 of 29 - /20 $ $ $ Prepare the necessary adjusting entries for Coronado Company at May 31, 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 31 (To record receipt of electronic funds transfer) May 31 (To record NSF check) May 31 (To correct error in deposit check) May 31 (To correct error in recording check) (To record receipt of electronic funds transfer) May 31 (To record NSF check) May 31 (To correct error in deposit check) May 31 (To correct error in recording check) May 31 (To record bank service charge)

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