SheffieldCompany 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 $8,110.50.

The bank statement from Emporia State Bank on that date showed the following balance.

Emporia State Bank

Checks and DebitsDeposits and CreditsDaily BalanceXXXXXX5-31

8,120.00

A comparison of the details on the bank statement with the details in the Cash account revealed the following facts.

1.The statement included a debit memo of $40for the printing of additional company checks.2.Cash sales of $841.68on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $881.68. The bank creditedSheffieldCompany for the correct amount.3.Outstanding checks at May 31 totaled $876.05, and deposits in transit were $1,972.55.4.On May 18, the company issued check No. 1181 for $693to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted bySheffieldCompany for $639.5.$2,200was collected from a customer's note receivable by the bank forSheffieldCompany on May 31 through electronic funds transfer.6.Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $390that was incorrectly charged toSheffieldCompany by the bank.7.On May 31, the bank statement showed an NSF charge of $570for a check issued by Sara Ballard, a customer, toSheffieldCompany on account.