The cash account of Sunland Co showed a ledger balance of $15,663 40 on June 30, 2020 The bank statement as of that date showed a balance of $16,600 Upon comparing the statement with the cash records, the following facts were determined 1 There were bank service charges for June of $100 2 A bank memo stated that Bao Dais note for $4,800 and interest of $144 00 had been collected on June 29, and the bank had made a charge of $22 00 on the collection (No entry had been made on Sunlands books when Bao Dais note was sent to the bank for collection ) 3 Receipts for June 30 for $13,560 were not deposited until July 2 4 Checks outstanding on June 30 totaled $8,544 20 5 The bank had charged the Sunland Co s account for a customers uncollectible check amounting to $1,012 80 on June 29 6 A customers check for $360 (as payment on the customers Accounts Receivable) had been entered as $240 in the cash receipts journal by Sunland on June 15 7 Check no 742 in the amount of $491 had been entered in the cash journal as $419, and check no 747 in the amount of $232 80 had been entered as $2,328 00 Both checks had been issued to pay for purchases and were payments on Sunlands Accounts Payable Your answer is correct Prepare a bank reconciliation dated June 30, 2020 proceeding to a correct cash balance (Enter answers to 2 decimal places, eg 125 62 ) SUNLAND CO Bank Reconciliation June 30, 2020 Balance per bank 16600 Add Deposits in transit 13560 Outstanding checks 8544 20 Correct cash balance 21615 80 $ 15663 40 Balance per books Add Error in recording deposit 120 Note collection 4944 Error on check no 747 2095 20 7159 20 22822 60 Less Bank service charges 122 i Error on check no 742 72 i NSF check 1012 80 1206 80 i Correct cash balance 21615 80 Prepare entries necessary to make the books correct and complete Use Office Expense account for bank service charges (Enter answers to 2 decimal places, eg 125 62 If no entry is required, select No Entry for the account tities and enter Ofor the amounts Credit account titles are automatically indented when the amount is entered Do not indent manually ) Account Titles and Explanation Debit Credit (To record increases to cash) (To record decreases to cash) eTextbook and Media List of Accounts Attempts 0 of 3 used

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The cash account of Sunland Co. showed a ledger balance of $15,663.40 on June 30, 2020. The bank statement as of that date showed a

The cash account of Sunland Co. showed a ledger balance of $15,663.40 on June 30, 2020. The bank statement as of that date showed a balance of $16,600. Upon comparing the statement with the cash records, the following facts were determined.

1.		There were bank service charges for June of $100.
2.		A bank memo stated that Bao Dais note for $4,800 and interest of $144.00 had been collected on June 29, and the bank had made a charge of $22.00 on the collection. (No entry had been made on Sunlands books when Bao Dais note was sent to the bank for collection.)
3.		Receipts for June 30 for $13,560 were not deposited until July 2.
4.		Checks outstanding on June 30 totaled $8,544.20.
5.		The bank had charged the Sunland Co.s account for a customers uncollectible check amounting to $1,012.80 on June 29.
6.		A customers check for $360 (as payment on the customers Accounts Receivable) had been entered as $240 in the cash receipts journal by Sunland on June 15.
7.		Check no. 742 in the amount of $491 had been entered in the cash journal as $419, and check no. 747 in the amount of $232.80 had been entered as $2,328.00. Both checks had been issued to pay for purchases and were payments on Sunlands Accounts Payable.

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Your answer is correct. Prepare a bank reconciliation dated June 30, 2020. proceeding to a correct cash balance. (Enter answers to 2 decimal places, eg. 125.62.) SUNLAND CO. Bank Reconciliation June 30, 2020 Balance per bank 16600 Add : Deposits in transit 13560 Outstanding checks 8544.20 Correct cash balance 21615.80 $ 15663.40 Balance per books Add: Error in recording deposit 120 Note collection 4944 Error on check no. 747 2095.20 7159.20 22822.60 Less: Bank service charges 122 i Error on check no. 742 72 i NSF check 1012.80 1206.80 i Correct cash balance 21615.80 Prepare entries necessary to make the books correct and complete. Use Office Expense account for bank service charges. (Enter answers to 2 decimal places, eg. 125.62. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record increases to cash) (To record decreases to cash) eTextbook and Media List of Accounts Attempts: 0 of 3 used