Bank error in recording a deposit for $ 377 should have been $ 773:
accounting
Description
Acct 1211_Student ID_Student Name_Assignment_7
Question 1
(20 marks)
A.
1.
Bank
error in recording a deposit for $ 377 should have been $ 773:
2.
Bank
debit memo for service charge:
3.
Outstanding
cheques:
4.
Outstanding
cheques from the previous month that are still outstanding:
5.
Bank
collection of a note receivable on Sew Safe’s behalf:
6.
Deposits
in transit for the current month:
7.
Bank
credit memo for interest earned on Sew Safe’s bank balance:
8.
NSF
cheques:
9.
Book
error: Sew Safe credited cash for $ 5,000. The correct credit was $ 500:
10.
Bank
error: the bank decreased Sew Safe’s bank account for a cheque written by
another bank customer:
