Bank Reconciliation Arthur's mens shop November 30, 20 --
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- Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 $ 805 Balance per bank statement April 30 $ 11,400 (1) Checks written in April but still outstanding $ 6,000. (2) Checks written in March but still outstanding $ 2,500. (3) Deposits of April 30 not yet recorded by bank $ 4,000. (4) NSF check of customer returned by bank $510. (5) Check No. 210 for $ 583 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $ 538. (6) Bank service charge for April was $ 40. (7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $ 613 when Check No. 318 was correctly prepared for $ 163. The check cleared the bank in April. (8) The bank collected a note receivable for the company of $ 6,000 plus $ 240 interest revenue. Prepare a bank reconciliation at April 30.Bank Reconciliation and Related Journal Entries The book balance in the checking account of Lyle's Salon as of November 30 is $3,277.77. The bank statement shows an ending balance of $2,109.00. By examining last month's bank reconciliation, comparing the deposits and checks written per books and per bank in November, an noting the service charges and other debit and credit memos shown on the bank statement, the following were found: a. An ATM withdrawal of $150.00 on November 18 by Lyle for personal use was not recorded on the books. b. A bank debit memo issued for an NSF check from a customer of $19.20. c. A bank credit memo issued for interest of $20.00 earned during the month. d. On November 30, a deposit of $1,186.00 was made, which is not shown on the bank statement. e. A bank debit memo issued for $16.80 for bank service charges. f. Checks No. 549, 561, and 562 for the anounts of $181.00, $24.00, and $9.50, respectively, were written during November but have not yet been received…Instructions Turner Excavation maintains a checking account and has decided to open a petty cash fund. The following petty cash fund transactions occurred during July: July 2 Established a petty cash fund by issuing Check No. 301 for $100. Paid $25 from the petty cash fund for postage. Voucher No. 1. 7 Paid $30 from the petty cash fund for delivery of flowers (Miscellaneous Expense). Voucher No. 2. 8 Paid $20 from the petty cash fund to repair a tire on the company truck. Voucher No. 3. 12 Paid $22 from the petty cash fund for a newspaper advertisement. Voucher No. 4. 13 Issued Check No. 303 to replenish the petty cash fund. (Total and rule the petty cash payments record. Record the balance and the amount needed to replenish the fund in the Description column of the petty cash payments record.) 20 Paid $26 from the petty cash fund to reimburse an employee for expenses incurred to repair the company truck. Voucher No. 5. 24 Paid $12.50 from the petty cash fund for phone calls made from…
- prepare a bank reconciliation report.Buffy's Cash account shows a balance of $16,670 at December 31. On December 31, Buffy Insurance received the following bank statement: (Click the icon to view the December bank statement.) Requirement 1. Prepare the bank reconciliation of Buffy Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Bank: ADD: LESS: Buffy Insurance Bank Reconciliation December 31, 2024 Requirements 1. Prepare the bank reconciliation of Buffy Insurance at December 31, 2024. 2. Journalize any required entries from the bank reconciliation. s example Print Get more help. Done - X Data table Date Dec. 4 $ 9 14 17 31 C Cash Receipts Cash Debit 4,250 490 Cash Payments Check No. 1416 $ 1417 590 1418 1,950 1419 1,840 1420 1421 1422 More info i (Click the icon to view the additional information.) Read the requirements Print Cash Credit 890 210 650 1,190 1,420 1,300 590 Done - a. The EFT credit was a receipt of rent. The EFT debit was an…E, F, G
- Please kindly help me with the following questionDaisy Company received a bank statement for February, as follows: From: Central Bank, Denver, CO 80222: 1. Prepare a bank reconciliation on February 28, 2019, for Daisy. 2. Prepare the journal entries that Daisy should record as a result of the reconciliation.Sal's Surf Shop deposits all receipts in the bank and makes all payments by check. On July 31 the cash account had a balance of $6,105.42. The bank statement on July 31 reported a balance of $4,146.46. Upon comparing the bank statement to the books, the following items were found. а. A bank debit memo issued for an NSF check from a customer of $21.25. b. A bank credit memo issued for interest of $8.50 earned during the month. С. During the evening of July 31, a deposit of $1,948.25 was made, which is not shown on the bank statement. d. A bank debit memo issued for $18.50 for bank service charges. е. Checks for the amounts of $34.00, $17.85, and $93.25 were written during July but have not yet been received by the bank. f. The reconciliation from the previous month, June, showed outstanding checks of $260.80. One of these checks in the amount of $7.38 has not yet been received by the bank. g. After comparing the canceled checks to the bank statement, it was discovered that a check…
