Sunland Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On...

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Accounting

Sunland Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, the companys Cash account per its general ledger showed a balance of $7,402.00. The bank statement from Emporia State Bank on that date showed the following balance

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Sunland Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, the company's Cash account per its general ledger showed a balance of $7,402.00. The bank statement from Emporia State Bank on that date showed the following balance. A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. The statement included a debit memo of $30 for the printing of additional company checks. 2. Cash sales of $993.48 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $1,043.48. The bank credited Sunland Company for the correct amount. 3. Outstanding checks at May 31 totaled $941.35, and deposits in transit were $2,013.15. 4. On May 18, the company issued check No. 1181 for $663 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Sunland Company for $636. 5. $3,000 was collected from a customer's note receivable by the bank for Sunland Company on May 31 through electronic funds transfer. 6. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $460 that was incorrectly charged to Sunland Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $360 for a check issued by Sara Ballard, a customer, to Sunland Company on account. Prepare the necessary adjusting entries for Sunland Company at May 31, 2022. (List all debit entries before credit entries. Credit

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