(Solved by Humans)-Problem 8-3A On May 31, 2014, Reber Company had a cash balance per books of $7,167.50. The bank...

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Problem 8-3A On May 31, 2014, Reber Company had a cash balance per books of $7,167.50. The bank statement from New York State Bank on that date showed a balance of $6,790.60. A comparison of the statement with the cash account revealed the following facts. 1. The statement included a debit memo of $47.00 for the printing of additional company checks. 2. Cash sales of $635.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $685.00. The bank credited Reber Company for the correct amount. 3. Outstanding checks at May 31 totaled $953.25. Deposits in transit were $2,802.15. 4. On May 18, the company issued check No. 1181 for $675 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $657.

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This question was answered on: 10 May, 2025

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(Solved by Humans)-Problem 8-3A On May 31, 2014, Reber Company had a cash balance per books of $7,167.50. The bank...


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