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The Marin Marine Supply Company's bank statement for the month of November showed a balance per bank of $8,100. The company's Cash account in the
The Marin Marine Supply Company's bank statement for the month of November showed a balance per bank of $8,100. The company's Cash account in the general ledger had a balance of $5,888 at November 30, Other information is as follows: (1) Cash receipts for November 30 recorded on the company's books were $6,430 but this amount does not appear on the bankstatement. (2) The bank statement shows a debit memorandum for $60 for check printing charges. (3) Check No. 119 payable to Ayayai Company was recorded in the cash payments journal and cleared the bank for \$259.A review of the accounts payable subsidiary ledger shows a $36 credit balance in the account of Ayayai Company and that the payment to them should have been for $295. (4) The total amount of checks still outstanding at November 30 amounted to $6,610. (5) Check No. 138 was correctly written and paid by the bank for \$308. The cash payment journal reflects an entryy for Check No, 138 as a debit to Accounts Payable and a credit to Cash in Bank for $380. (6) The bank returned an NSF check from a customer for $530. (7) The bank included a credit memorandum for $2,550 which represents a collection of a customer's note by the bank for the company; the principal amount of the note was $2,475 and interest was $75. Interest has not been accrued. Date Account Titles and Explanation Debit Credit Nov, 30 (To correct error in recording Check No. 138) 30 (To record collection of note receivable and interest by the bank) 30 (To record check printing charges) 30
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