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: