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The following information is for Sunland Company 1. Cash balance per bank, July 31, $6,479. 2. July bank service charge not recorded by the depositor,
The following information is for Sunland Company 1. Cash balance per bank, July 31, $6,479. 2. July bank service charge not recorded by the depositor, $9. 3. The bank erroneously charged another company's $620 cheque against Sunland's account 4. Cash balance per books, July 31, $7.730. 5. The bank charged Sunland's account $310 for a customer's NSF cheque. 6. Deposits in transit, July 31, $1.940. 7. Sunland recorded a cash receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23. 8. The bank collected a $1,100 note for Sunland in July, plus interest of $32, less a fee of $18. The collection has not been recorded by Sunland and no interest has been accrued. 9. Outstanding cheques, July 31. $523. Journalize the adjusting entries for July 31 on the books of Sunland Company. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) No. Account Titles and Explanation Debit Credit July 31 1118 18 1100 L 36 (To record the bank service charge, correct deposit error and NSF cheque) July Interest Revenue Notes Receivable 1100 (To record the collection of the note)
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