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Sunland Inc.'s bank statement from Western Bank at August 31, 2025, shows the following information. A summary of the Cash account in the ledger for
Sunland Inc.'s bank statement from Western Bank at August 31, 2025, shows the following information. A summary of the Cash account in the ledger for August shows the following: Reconciled cash balance, August 1, \$19,604; cash receipts deposited $89,320; cheque disbursements $85,334; and unreconciled cash balance, August 31,$23,590. Analysis reveals that the only reconciling items on the July 31 bank reconciliation were a deposit in transit for $5,800 and outstanding cheques of $5,220. In addition, you determine that there was an error involving a company cheque drawn in August: A cheque for $400 payable to a supplier on account that cleared the bank in August was journalized and posted for $40. Prepare the journal entries to be made by Sunland Inc. at August 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually, List all debit entries before credit entries, If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 31 (To record bank service charge) 31 (To correct error in recording cheque) 31 (To record safety deposit box fee)
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