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Problem #1Seaside Boat Company's bank statement for the month of September showed a balance per bankof $7,000. The company's Cash account in the general ledger had a balance of $4,667 atSeptember 30.Other information is as follows:(1)Cash receipts for September 30 recorded on the company's books were $4,200 but thisamount does not appear on the bank statement.(2)The bank statement shows a debit memorandum for $40 for check printing charges.(3)The total amount of checks still outstanding at September 30 amounted to $5,800.(4)Check No. 138 was correctly written and paid by the bank for $429. The cash paymentjournal reflects an entry for Check No. 138 as a debit to Accounts Payable and a credit toCash in Bank for $492.(5)The bank returned an NSF check from a customer for $550.(6)The bank included a credit memorandum for $1,260 which represents collection of acustomer's note by the bank for the company; principal amount of the note was $1,200 and
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Generally Accepted Accounting Principles, invoice, Accounting software, Seaside Boat Company s bank statement