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[ The following information applies to the questions displayed below. ] The cash records and bank statement for the month of May for Diaz Entertainment
The following information applies to the questions displayed below.
The cash records and bank statement for the month of May for Diaz Entertainment are shown below.
Desc. DEP Customer depost
NOTE Note collected
EFT Electronic funds transfer
INT Interest earned
CHK Customer check
SF Service fees
NSF Nonsufficient funds
Additional information:
a The difference in the beginning balances in the company's records and the bank statement relates to checks # and which are
outstanding as of Aprit prior month
b The bank made the EFT on May in error. The bank accidentally charged Diaz for payment that should have been made on another account.
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