Question

After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company’s checking account online. The activity for the last three days follows.

Business Checking		Account #123456-987
Date	Type	Description	Additions			Payments			Balance
09/24/2019	Loan Payment	Online Transfer to CM XXXX				$	3,900.00		$	16,075.06
09/24/2019	Deposit	DEPOSIT ID NUMBER 8888	$	2,309.60					$	19,975.06
09/23/2019	Check	CHECK #1554 (view)				$	3,900.00		$	17,665.46
09/23/2019	Bill Payment	Online Payment				$	40.05		$	21,565.46
09/22/2019	Check	CHECK #1553 (view)				$	280.00		$	21,605.51
09/22/2019	Check	CHECK #1551 (view)				$	1,790.00		$	21,885.51
09/22/2019	ACH Credit	Edwards UK AP PAYMENT	$	9,300.00					$	23,675.51
09/22/2019	ATM	ATM WITHDRAWAL				$	280.00		$	14,375.51

After matching these transactions to the company’s Cash account in the general ledger, Johanna noted the following unrecorded transactions:

1. The ATM withdrawal on 9/22/2019 was for personal use by the owner, Robert Savage.
2. The ACH credit on 9/22/2019 was an electronic funds payment received on account from Edwards UK, a credit customer located in Great Britain.
3. The bill payment made 9/23/2019 was to Waste Control Trash Services (utilities).
4. The loan payment on 9/24/2019 was an automatic debit by Central Motors for the company’s monthly payment on a loan for its automobiles. The loan does not bear interes

Answer 1