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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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