The September bank statement for Cold Water Seafoods Inc. showed the following: Cold Water Seafoods Inc. Bank Statement September 30 Amounts Deducted from Date Description Account (Debits) Aug 31 Opening balance Sept 1 Cheque, No. 2452 2,365 Sept 1 Deposit Sept 2 Cheque, No. 2471 1,525 Sept 4 Deposit Sept 9 Cheque No. 2472 1,247 Sept 10 Returned cheque - NSF, F. Gallant 520 Sept 10 NSF fee Sept 15 EFT, loan payment 1,073 Sept 19 Cheque, No. 2473 1,416 Sept 26 Deposit Sept 30 EFT, collection on account, M. Suite Sept 30 Bank service charges 59 Sept 30 Debit and credit card fees Amounts Added to Account (Credits) Balance 15,868 13,503 2,030 15,533 14,008 1,221 15,229 13,982 13,462 13,422 12,349 10,933 2,567 13,500 235 13,735 13,676 13,591 40 85 Cold Water Seafoods' cash receipts and payments (according to the company's records) for the month of September showed the following: Cold Water Seafoods' cash receipts and payments (according to the company's records) for the month of September showed the following: DATE ITEM DEBIT CREDIT Aug 31 Sept 30 BALANCE 14,008 18.821 4,813 Total cash receipts Total cash payments Sept 30 3,195 15,626 Date Cash Receipts Date Amount Sept 4 $1,221 Sept 26 2,567 Sept 30 1,025 $4.813 Sept 7 Sept 15 Sept 29 Cash Payments Number Amount 2472 $1,247 2473 1.461 2474 487 $3.195 Additional information: 1. The EFT loan payment should have been recorded by the company on September 15 but this entry was missed. The payment included $73 of interest and a $1,000 payment on the loan principal 2. The bank made an error processing cheque #2473. 3. The EFT collection was not previously recorded. 4. Bank service charges ($59) and debit and credit card fees ($85) were not previously recorded. 5. Cheques #2452 and 2471 were outstanding cheques on the company's August bank reconciliation and the deposit received by the bank on Sept 1st was a deposit in transit on the company's August bank reconciliation Drag & drop to complete the bank reconciliation Important there are 4. possible locations listed below to enter the "error in recording chegueEnter the dollar amount of the error in the correct location. Enter the number O in ALL other incorrect locations. Note: there will be unused responses when the question is complete. Cold Water Seafoods Inc. Bank Reconciliation September 30 Balance per bank statement Add: Deposits in transit Error in recording cheque Less: Outstanding cheques Error in recording cheque Adjusted cash balance per bank Balance per books Add: EFT collection Error in recording cheque Less: Service charges and credit card fees NSF cheque and fee EFT loan payment Error in recording cheque Adjusted cash balance per books
