Sarasota Lansbury Company deposits all receipts and makes all payments by check.

Question

Sarasota Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation $21,000 4,620 Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books (6,000) $19,620 Month of July Results Per Bank Per Books $25,950 $27,750 15,000 17,430 9,300 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a customer, returned by the bank (recorded by bank as a charge) 12,000 3,000 45 1,005

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Debit Credit Cash 1950 Office Expense 45 Accoutns Receivable 1005 Notes Receivable 3000

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