Homework help

E5-13

Recording cash sales; cash over

Obj|2, 3

The actual cash received from cash sales was $14,356, and the amount indicated by the cash register total was $14,290.

· a. What is the amount deposited in the bank for the day's sales?

· b. What is amount recorded for the day's sales?

· c. How should the difference be recorded?

d. If a cashier is consistently over or short, what action should be taken?

E5-18

Bank reconcilliation

Obj|5

✓ Adjusted balance: $24,500

The following data were accumulated for use in reconciling the bank account of Camela Co. for July:

· a. Cash balance according to the company's records at July 31, $24,010.

· b. Cash balance according to the bank statement at July 31, $22,750.

· c. Checks outstanding, $7,350.

· d. Deposit in transit, not recorded by bank, $9,100.

· e. A check for $170 in payment of an account was erroneously recorded in the check register as $710.

· f. Bank debit memo for service charges, $50.