A deposit of 1434984 representing cash receipts of april 30

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Reference no: EM13485659

The following information is available for Prime Company as of April 30, 2011:
a. Cash on the books as of April 30 amounted to $113,175.28. Cash on the bank statement for the same date was $140,717.08.
b. A deposit of $14,349.84, representing cash receipts of April 30, did not appear on the bank statement.
c. Outstanding checks totaled $7,302.64.
d. A check for $2,420.00 returned with the statement was recorded as $2,024.00. The check was for advertising.
e. The bank service charge for April amounted to $35.00.
f. The bank collected $36,300.00 for Prime Company on a note. The face value of the note was $36,000.00.
g. An NSF check for $1,140.00 from a customer, Tom Jones, was returned with the statement.
h. The bank mistakenly deducted a check for $700.00 that was drawn by Tiger Corporation.
i. The bank reported a credit of $560.00 for interest on the average balance.

Reference no: EM13485659

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