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Based on the bank reconciliation, prepare the journal entries. Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- 1 July 31 Cash 1 Accounts Payable 3,112 X 2 .3 To correct error on Check No. 291 4 4. 5 July 31 Accounts Receivable 5. Cash v 6. 7. To record NSF check 8. 9 July 31 Miscellaneous Expense 9. Cash 10 10 11 To record bank service charge 11 670 00 00 00

Based on the bank reconciliation, prepare the journal entries. Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- 1 July 31 Cash 1 Accounts Payable 3,112 X 2 .3 To correct error on Check No. 291 4 4. 5 July 31 Accounts Receivable 5. Cash v 6. 7. To record NSF check 8. 9 July 31 Miscellaneous Expense 9. Cash 10 10 11 To record bank service charge 11 670 00 00 00

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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I tried but don’t know how. I need an example can someone show me using this?
CengageNOWv2 | Online teaching and learning resource from C... 5 Seconds of *Accounts Payable was debited in original entry. Based on the bank reconciliation, prepare the journal entries. Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- Cash July 31 Accounts Payable 3,112 X 2 To correct error on Check No. 291 4. 4 Accounts Receivable v 5. July 31 6. Cash 6. To record NSF check 8 8. 88 Miscellaneous Expense 9. July 31 Cash 10 10 11 To record bank service charge 11 00 00
Transcribed Image Text:CengageNOWv2 | Online teaching and learning resource from C... 5 Seconds of *Accounts Payable was debited in original entry. Based on the bank reconciliation, prepare the journal entries. Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 20-- Cash July 31 Accounts Payable 3,112 X 2 To correct error on Check No. 291 4. 4 Accounts Receivable v 5. July 31 6. Cash 6. To record NSF check 8 8. 88 Miscellaneous Expense 9. July 31 Cash 10 10 11 To record bank service charge 11 00 00
Lisa Chai Associates Bank Reconciliation July 31, 20 - - Bank statement balance, July 31 $2,764.40 Add deposits in transit $250.00 98.00 348.00 $3,112.40 Deduct outstanding checks: No. 296 $133.50 No. 299 17.80 No. 301 33.20 184.50 Adjusted bank balance $2,927.90 Book balance, July 31 $3,084.90 Add error on Check No. 291* 23.00 $3,107.90 Deduct: NSF check $170.00 Bank service charge 10.00 180.00 Adjusted book balance $2,927.90 *Accounts Payable was debited in original entry.
Transcribed Image Text:Lisa Chai Associates Bank Reconciliation July 31, 20 - - Bank statement balance, July 31 $2,764.40 Add deposits in transit $250.00 98.00 348.00 $3,112.40 Deduct outstanding checks: No. 296 $133.50 No. 299 17.80 No. 301 33.20 184.50 Adjusted bank balance $2,927.90 Book balance, July 31 $3,084.90 Add error on Check No. 291* 23.00 $3,107.90 Deduct: NSF check $170.00 Bank service charge 10.00 180.00 Adjusted book balance $2,927.90 *Accounts Payable was debited in original entry.
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