Reference no: EM132757322

The following data pertain to Carr Company:

1. Balance per bank statement, dated March 31, 2002 is $4,450.

2. Balance of the Cash account on the company's books as of March 31, 2002 is $4,459.

3. A $1300 deposit dated March 31 was not on the bank statement.

4. Of the checks recorded as cash disbursements in March, some checks, totaling $1,050, have not yet cleared the bank.

5. Service and collection charges for the month were $10.

6. The bank erroneously charged the Carr Company account for the $200 check of another company. The check was included with the canceled checks returned with the bank statement.

7. The bank credited the company's account wit the $1,000 proceeds of a non-interest bearing not that it collected for the company.

8. A customer's $75 check marked NSF was returned with the bank statement.

9. As directed, the bank paid and charged to the company's account a $507.50 non-interest bearing note of Carr Company. This payment has not been recorded by the company.

10. An examination of the cash receipts and the deposit tickets revealed that the bookkeeper erroneously recorded a customer's check of $148.50 as $135.00

11. The bank credited the company's checking account for interest earned.

Problem 1: Assume that you cannot go back and edit the transactions for the month. Prepare the necessary journal entries to record items above that should adjust the Cash account on the books.