Rohatyn Genetics Company of Lancaster, Wisconsin, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2012, the company’s Cash account per its general ledger showed the following balance.
|
CASH |
NO. 101 |
||||
|
Date |
Explanation |
Ref. |
Debit |
Credit |
Balance |
|
May 31 |
Balance |
13,287 |
The bank statement from Lancaster State Bank on that date showed the following balance.
|
LANCASTER STATE BANK |
|||
|
Checks and Debits |
Deposits and Credits |
Daily Balance |
|
|
XXX |
XXX |
5/31 |
13,332 |