Problem 7-13 (Part Level Submission)

The cash account of Bonita Co. showed a ledger balance of$10,985.98 on June 30, 2017. The bank statement as of that dateshowed a balance of $11,620.00. Upon comparing the statement withthe cash records, the following facts were determined.

1.		There were bank service charges for June of $70.00.
2.		A bank memo stated that Bao Dai’s note for $3,360.00 andinterest of $100.80 had been collected on June 29, and the bank hadmade a charge of $15.40 on the collection. (No entry had been madeon Bonita’s books when Bao Dai’s note was sent to the bank forcollection.)
3.		Receipts for June 30 for $9,492.00 were not deposited untilJuly 2.
4.		Checks outstanding on June 30 totaled $5,980.94.
5.		The bank had charged the Bonita Co.’s account for a customer’suncollectible check amounting to $708.96 on June 29.
6.		A customer’s check for $252.00 (as payment on the customer’sAccounts Receivable) had been entered as $168.00 in the cashreceipts journal by Bonita on June 15.
7.		Check no. 742 in the amount of $491.00 had been entered in thecash journal as $419.00, and check no. 747 in the amount of $162.96had been entered as $1,629.60. Both checks had been issued to payfor purchase of equipment and were payments on Bonita’s AccountsPayable.

(b)

Prepare entries necessary to make the books correct andcomplete. Use Office Expense account for bank service charges.(Enter answers to 2 decimal places, e.g. 125.62. If noentry is required, select "No Entry" for the account titles andenter 0 for the amounts. Credit account titles are automaticallyindented when the amount is entered. Do not indentmanually.)