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On August 31,2024 , Carla Vista Company had a cash balance per its books of $26,560. The bank statement on that date showed a balance of $16,950. A comparison of the bank statement with the Cash account revealed the following. 1. The August 31 deposit of $17,650 was not included on the August bank statement. 2. The bank statement shows that Carla Vista received EFT deposits from customers on account totalling $2,380 in August. Carla Vista has not recorded any of these amounts. 3. Cheque #673 for $1,000 was outstanding on July 31 . It did not clear the bank account in August. All of the cheques written in August have cleared the bank by August 31 , except for cheque \#710 for $2,450, and \#712 for $2,660. 4. The bank statement showed on August 29 an NSF charge of $404 for a cheque issued by R. Moore, a customer, in payment of their account. This amount included an $9 service charge by Carla Vista's bank. The company's policy is to pass on all NSF service charges to the customer. 5. Bank service charges of $28 were included on the August statement. 6. The bank recorded cheque \#705 for $102 as $120. The cheque had been issued to pay for a building repair. Carla Vista had correctly recorded the cheque. Cash balance per bank statement $16950 Error Cheque \# 705 $18 Deposits in transit Less v : Outstanding cheques #673 \begin{tabular}{|l|l|} \hline$1000 & 1 \\ \hline \end{tabular} \# 710 \begin{tabular}{|l|l|} \hline & 2450 \\ \hline \end{tabular} \#712 \begin{tabular}{|l|l|} \hline 2660 & 1 \\ \hline \end{tabular} Adjusted cash balance per bank \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{1} \\ \hline \hline$4588 \\ \hline \hline \end{tabular} NSF cheque \begin{tabular}{|l|l|} \hline$404 & 1 \\ \hline \end{tabular} Bank service charge $26560 Date Account Titles and Explanation Aug. 31 Cash (To record EFT collection on account.) Aug. 31 (To record NSF cheque and bank service charge expense.)

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