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The cash balance per the books of LEYA Company is $15,400 on May 31, 2020. The bank statement shows cash balance of $13,600. The following
The cash balance per the books of LEYA Company is $15,400 on May 31, 2020. The bank statement shows cash balance of $13,600. The following additional items were noted: 1. Checks for $500 and $700 has been issued but were not included among the paid checks retumed by the bank 2. The bank charged $440 on the company 3. A check for $252 cleared by the bank which was a payment on account to a supplier was incorrectly journalized by the company for $525 4. A deposit of $2,500 made by the company was not recorded by the bank 5. $1.000 has been collected by the bank and credited to the company's account in addition to $200 interest eamed 6. A check for $2,100 from a customer that had been deposited but retuned by the bank and marked as "NSF 7. Included in the bank statement was a check for $567 written to LEYO Company that had been incorrectly credited to our company's account by the bank The two checks issued (item number 1) should be Added to the company balance Deducted from the bank balance Deducted from the company balance None of the options The check for $252 cleared by the bank (item number 3) should be Added to the company balance Deducted from the bank balance Deducted from the company balance None of the options The deposit of $2,500 (item number 4) should be Added to the company balance The deposit of $2.500 (item number 4) should be Added to the company balance Deducted from the bank balance Deducted from the company balance None of the options The NSF check of $2,100 (item number 6) should be Added to the company balance Deducted from the bank balance Deducted from the company balance None of the options The NSF check of $2,100 (item number 6) should be Added to the company balance Deducted from the bank balance Deducted from the company balance None of the options The check of $567 (item number 7) should be Added to the company balance Deducted from the bank balance Deducted from the company balance O None of the options
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