1 At November 30, cash per the bank statement was $37,758; per the accountingAt November 30, One Day Cleaners has available the following data concerning itsPROBLEM 7A-2þank checking account:At November 30, cash per the bank statement was $37,758; per the accounti.records, $42,500.2 The cash receipts of $6,244 on November 30 were 'deposited on December 1Preparing aBank Reconcll-lation3 Included on the bank statement was a credit for $167 interest earned on thi.checking account during November.4 Two checks were outstanding at November 30: no. 921 for $964 and no. 925 for$1,085.5 Enclosed wvith the bank statement were two debit memoranda for the followingitems: service charge for November, $14; and a $700 check of customer TanyaMiller, marked "NSF."INSTRUCTIONSa Prepare a bank reconciliation at November 30.b Prepare adjusting entries (in general journal form) based on the bank reconcili-ation.

The bank reconciliation statement is prepared to match the cash balances of cash book and pass book.…

At November 30, One Day Cleaners has available the following data concerning its PROBLEM 7A-2 Preparing a Bank Reconcll- þank checking account: 1 At November 30, cash per the bank statement was $37,758; per the accounting lation records, $42,500. 2 The cash receipts of $6,244 on November 30 were deposited on December 1 Included on the bank statement was a credit for $167 interest earned on this checking account during November. 4 Two checks were outstanding at November 30: no. 921 for $964 and no. 925 for $1,085. Enclosed with the bank statement were two debit memoranda for the following items: service charge for November, $14; and a $700 check of customer Tanya Miller, marked "NSF." a Prepare a bank reconciliation at November 30. b Prepare adjusting entrics (in general journal form) based on the bank reconcili- INSTRUCTIONS ation

At November 30, One Day Cleaners has available the following data concerning its PROBLEM 7A-2 Preparing a Bank Reconcll- þank checking account: 1 At November 30, cash per the bank statement was $37,758; per the accounting lation records, $42,500. 2 The cash receipts of $6,244 on November 30 were deposited on December 1 Included on the bank statement was a credit for $167 interest earned on this checking account during November. 4 Two checks were outstanding at November 30: no. 921 for $964 and no. 925 for $1,085. Enclosed with the bank statement were two debit memoranda for the following items: service charge for November, $14; and a $700 check of customer Tanya Miller, marked "NSF." a Prepare a bank reconciliation at November 30. b Prepare adjusting entrics (in general journal form) based on the bank reconcili- INSTRUCTIONS ation

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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