Reference no: EM131815440

Question - The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256.

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?

Question - The following data were accumulated for use in reconciling the bank account of Commander Co. for March:

a. Cash balance according to the company's records at March 31, $13,065.

b. Cash balance according to the bank statement at March 31, $12,750.

c. Checks outstanding, $4,170.

d. Deposit in transit, not recorded by bank, $5,100.

e. A check for $180 in payment of an account was erroneously recorded in the check register as $810.

f. Bank debit memo for service charges, $15.

Prepare a bank reconciliation.