AB 116 WEEK 1 PROBLEM 8-3A

AB 116 WEEK 1 Problem 8 3A
On May 31 2014 Reber Company had a cash balance per books of $6960.50. The bank statement from New York State Bank on that date showed a balance of $6,583.60. A comparison of the statement with the cash account revealed the following facts.
1.		The statement included a debit memo of $49.00 for the printing of additional company checks.
2.		Cash sales of $835.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $885.00. The bank credited Reber Company for the correct amount.
3.		Outstanding checks at May 31 totaled $764.25. Deposits in transit were $2,595.15.
4.		On May 18, the company issued check No. 1181 for $673 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $637.
5.		A $3,179.00 note receivable was collected by the bank for Reber Company on May 31 plus $89.00 interest. The bank charged a collection fee of $29.00. No interest has been accrued on the note.
6.		Included with the cancelled checks was a check issued by Stiner Company to Ted Cress for $979.00 that was incorrectly charged to Reber Company by the bank.
7.		On May 31, the bank statement showed an NSF charge of $671.00 for a check issued by Sue Allison, a customer, to Reber Company on account.
Problem 8-3A
Collection of note receivable	= 	($3,179.00 + $89.00 - $29.00)	= 	$3,239.00
Error in May 12 deposit	= 	($885.00 - $835.00)	= 	$50.00
Error in recording check No. 1181	= 	($673 - $637)	= 	$36.00