The Bank Statement for Marley Co Had Been Erroneously Recorded in the Cash Receipts Joumal As of $10,000.50
Short Answer
The bank statement for Marley Co. indicates a cash balance of $10,000.50 on June 30, 2013. The cash account in Marley's records had a balance of $4,677.10. Illustrate the adjustments to the accounts and their effect on Marley's financial statements, based on the following reconciling items:
(a)Cash sales of had been erroneously recorded in the cash receipts joumal as .
(b)Deposits in transit not reconded by bank, .
(c)Bank debit memorandun for service charges, .
(d)Bank credit memorandum for note collected by bank, , including interest.
(e)Bank debit memoranchum for NSF (not sufficient funds) check from Alice Martin, a customer.
(f)Checks outst anding .
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