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The following data have been gathered for Syncronics, Inc. a) The July 31 bank balance was $5,025. b) The bank statement included $130. in service
The following data have been gathered for Syncronics, Inc. a) The July 31 bank balance was $5,025. b) The bank statement included $130. in service charge c) There was an FFT collection of note receivable of $1,575. d) Check # 871, # 874 and #878 for $300, $550 and $295, respectively, were not among the canceled checks returned with the statement. e) The July 31 deposit of $1,100 did not appear on the bank statement f). The bookkeeper had erroneously recorded a $600 check as $60. The check was written to a vendor to pay off a debt. g) Included with the canceled checks was a check written by Syncronize Copporation for $345 which was deducted from Syncronies' account.. h) The bank statement also included an NSF check written by Multimedia, Inc. for a $680 payment on account. i) Th cash account showed a balance of $5,100 on July 31.
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