Question

Cash balance per bank

$8,500

Cash balance per books (general ledger)

$7,320

Outstanding checks

$3,6000

Check mailed to the bank for deposit had

 

not reached the bank by the statement

 

date.

$2,050

NSF check returned by the bank for

 

accounts receivable

$200

July interest earned on the bank statement

$10

Check no. 700 for misc. expense cleared

 

the bank for $200; erroneously recorded

 

in the Matrix books for $20

T Account format entries