On May 31, 2007, Galenti Company had a cash balance per books of$5, XXXXXXXXXXThe bank statement...

Question

On May 31, 2007, Galenti Company had a cash balance per books of$5, XXXXXXXXXXThe bank statement from Community Bank on that dateshowed a balance of $7, XXXXXXXXXXA comparison of the statement withthe cash account revealed the following facts.

1. The statement included a debit memo of $70...

Robert · Accepted Answer

On May 31, 2007, Galenti Company had a cash balance per books of 
$5,681.50.  
The bank statement from Community Bank on that date showed a 
balance of $7,964.60.  
A comparison of the statement with the cash account revealed the 
following facts.  
1. The statement included a debit memo of $70 for the printing of 
additional company checks.  
                                                 Bank Statement  
                   Checks                                                    Deposits  
Date          Number          Amount                Date                       Amount  
12-1           3451                 $ 2,260.40             12-1                     $ 2,530.20  
12-2           3470                       100.10             12-4                        1,211.60  
12-7           3472                    1,426.80             12-8                         2,365.10  
12-4           3475                    1,640.70             12-16                       2,672.70  
12-8           3476                    1,300.00             12-21                       2,945.00  
12-10         3477         2,130.

On May 31, 2007, Galenti Company had a cash balance per books of$5, XXXXXXXXXXThe bank statement from Community Bank on that dateshowed a balance of $7, XXXXXXXXXXA comparison of the statement withthe...

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