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1. What is the journal entry for the bank error of P11,000? 2. What is the journal entry for the credit memo of P150,000? 3. What is the journal entry for the debit memo of P2,500? 4. What is the journal entry for the NSF check of P21,000?

1. What is the journal entry for the bank error of P11,000? 2. What is the journal entry for the credit memo of P150,000? 3. What is the journal entry for the debit memo of P2,500? 4. What is the journal entry for the NSF check of P21,000?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Matapat Bank Limay, Bataan Branch ABM Consultancy Services Duale, Limay, Bataan Account No. o0345 July 31, 2020 Description Withdrawals Deposits Balance Date 30-Jun 1-Jul 4-Jul 9-Jul 25,000 13,000 38,000 9,000 47,000 4 150,000 CM 197,000 1 2 2500 DM 13-Jul 194.500 15-Jul Ck No. oo100 18-Jul 20-Jul Chk No. o0101 21-Ju Chk No. o0105 23-Ju 26-Ju Chk No. o0103 30-Jul Chk No. 21090 12,000 182,500 30,000 212,500 6,000 206,500 20,000 186,500 21,000 3 165.500 9.900 155,600 11,000 144,600 Figure 1 Use figure 1 to answer these questions. Show computations or journal entry in good form. 1. What is the journal entry for the bank error of P11,000? 2. What is the journal entry for the credit memo of P150,000? 3. What is the journal entry for the debit memo of P2,500? 4. What is the journal entry for the NSF check of P21,000?
Transcribed Image Text:Matapat Bank Limay, Bataan Branch ABM Consultancy Services Duale, Limay, Bataan Account No. o0345 July 31, 2020 Description Withdrawals Deposits Balance Date 30-Jun 1-Jul 4-Jul 9-Jul 25,000 13,000 38,000 9,000 47,000 4 150,000 CM 197,000 1 2 2500 DM 13-Jul 194.500 15-Jul Ck No. oo100 18-Jul 20-Jul Chk No. o0101 21-Ju Chk No. o0105 23-Ju 26-Ju Chk No. o0103 30-Jul Chk No. 21090 12,000 182,500 30,000 212,500 6,000 206,500 20,000 186,500 21,000 3 165.500 9.900 155,600 11,000 144,600 Figure 1 Use figure 1 to answer these questions. Show computations or journal entry in good form. 1. What is the journal entry for the bank error of P11,000? 2. What is the journal entry for the credit memo of P150,000? 3. What is the journal entry for the debit memo of P2,500? 4. What is the journal entry for the NSF check of P21,000?
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