E8-21 Preparing a bank reconciliation Hardy Photography's checkbook lists the following: Deposit Balance > Pr Check 137 $ 500 Item P Date Check No. 455 $ 45 Nov. 1 622 $ 135 Quick Mailing 4. 505 Service Revenue 85 6. 13 623J Photo Supplies 45 Utilities 14 624 Cash 18 625 110 26 626 Office Supplies 10 1,245 627 Upstate Realty Co. 28 1,235 Service Revenue Hardy's November bank statement shows the following: $ 500 Balance Deposits 135 Checks: No. Amount 622 $ 45 623 85 624 105* 625 (285) Other charges: Printed checks 23 Service charge Balance 25 (48) $4302 *This is the correct amount for check number 624. Requirements 1. Prepare Hardy Photography's bank reconciliation at November 30, 2018. 2. How much cash does Hardy actually have on November 30, 2018? 3. Journalize any transactions required from the bank reconciliation. :1:
E8-21 Preparing a bank reconciliation Hardy Photography's checkbook lists the following: Deposit Balance > Pr Check 137 $ 500 Item P Date Check No. 455 $ 45 Nov. 1 622 $ 135 Quick Mailing 4. 505 Service Revenue 85 6. 13 623J Photo Supplies 45 Utilities 14 624 Cash 18 625 110 26 626 Office Supplies 10 1,245 627 Upstate Realty Co. 28 1,235 Service Revenue Hardy's November bank statement shows the following: $ 500 Balance Deposits 135 Checks: No. Amount 622 $ 45 623 85 624 105* 625 (285) Other charges: Printed checks 23 Service charge Balance 25 (48) $4302 *This is the correct amount for check number 624. Requirements 1. Prepare Hardy Photography's bank reconciliation at November 30, 2018. 2. How much cash does Hardy actually have on November 30, 2018? 3. Journalize any transactions required from the bank reconciliation. :1:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:E8-21 Preparing a bank reconciliation
Hardy Photography's checkbook lists the following:
Deposit
Balance
> Pr
Check
137
$ 500
Item
P
Date
Check No.
455
$ 45
Nov. 1
622
$ 135
Quick Mailing
4.
505
Service Revenue
85
6.
13
623J
Photo Supplies
45
Utilities
14
624
Cash
18
625
110
26
626
Office Supplies
10
1,245
627
Upstate Realty Co.
28
1,235
Service Revenue
Hardy's November bank statement shows the following:
$ 500
Balance
Deposits
135
Checks:
No.
Amount
622
$ 45
623
85
624
105*
625
(285)
Other charges:
Printed checks
23
Service charge
Balance
25
(48)
$4302
*This is the correct amount for check number 624.
Requirements
1. Prepare Hardy Photography's bank reconciliation at November 30, 2018.
2. How much cash does Hardy actually have on November 30, 2018?
3. Journalize any transactions required from the bank reconciliation.
:1:
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