RANCOR COMPANY

BALANCE PER BOOK 2,700,00

ADD: PROCEEDS OF BANK LOAN 940,000
NOTE COLLECTED BY BANK 435,000 1,375,000
TOTAL: 4,075,000
LESS: SERVICE CHARGE 10,000
CUSTOMER’S CHECK CHARGE 50,000 60,000
BACK
ADJUSTED BOOK BALANCE 4,015,000
BALANCE PER BANK 4,000,000
ADD: DEPOSIT IN TRANSIT 475,000
INCORRECT DEPOSIT 90,000
ERRONEOUS BANK CHARGE 150,000
ERRONEOUS DEBIT MEMO 200,000 915,000
TOTAL: 4,915,000
LESS: OUTSTANDING CHECKS 600,000
ERRONEOUS BANK CREDIT 300,000 900,000
ADJUSTED BANK BALANCE 4,015,000