(Answered) The bank statement for jeffrey co indicates a balance of

Accounting

The bank statement for Jeffrey Co. indicates a balance of $8,785 on October 31. After the journals for October had been posted, the cash account had a balance of $8,998.

(a) Cash sales of $945 had been erroneously recorded in the cash receipts journal as $495.
(b) Deposits in transit not recorded by bank, $778.
(c) Bank debit memo for service charges, $40.
(d) Bank credit memo for note collected by bank, $23,985 plus $885 interest.
(e) Bank debit memo for $756 NSF (not sufficient funds) check from Calin Sams, a customer.
(f) Checks outstanding, $1,860.

Required:

Record the appropriate journal entries that would be necessary for Jeffrey Co. Refer to the Chart of Accounts for exact wording of account titles.

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