Unformatted text preview: 6. On October 18, the company issued cheque #1181 for $457 to Helms & Co., on account. The cheque, which cleared the bank in October, was incorrectly
journalized and posted by Lisik Company for $574. 7. A review of the bank statement revealed that Lisik Company received electronic payments from customers on account of $1,875 in October. The bank had also
credited the account with $25 of interest revenue on October 31. Lisik had no previous notice of these amounts. ...
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- Winter '17