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.DATEACCOUNT TITLEDEBITCREDITNO.REF.20--CashJuly 31Accounts Payable3,112 X 2To correct error on Check No. 2914.4Accounts Receivable v5.July 316.Cash6.To record NSF check88.88Miscellaneous Expense9.July 31Cash101011To record bank service charge110000 Lisa Chai AssociatesBank ReconciliationJuly 31, 20 - -Bank statement balance, July 31$2,764.40Add deposits in transit$250.0098.00348.00$3,112.40Deduct outstanding checks:No. 296$133.50No. 29917.80No. 30133.20184.50Adjusted bank balance$2,927.90Book balance, July 31$3,084.90Add error on Check No. 291*23.00$3,107.90Deduct: NSF check$170.00Bank service charge10.00180.00Adjusted book balance$2,927.90*Accounts Payable was debited in original entry.

Journal is a place where accounting transactions are listed in the book keeping system before ledger…

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

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 47E

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e - Prod x Module 8 Assessments - ACG20 * CengageNOWv2 | Online teachir ngagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Show Me How Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entries that should be made by the company, part (A) Error and part (B) Service Charge a. July 31 Cash Accounts Payable v b. July 31 Miscellaneous Expense v Cash v Feedback Check My Work Keep in mind that the company needs to journalize any adjusting items in the company section…
Attor Now engagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false lication eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $6,788 Book balance: $8,561 Deposits in transit: $1,803 ● Outstanding checks: $569 and $1,523 Bank service charges: $75 ● Bank incorrectly charged the account $75. The bank will correct the error next month. ● check was expensed to Utilities Expense. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This If an amount box does not require an entry, leave it blank. X X 88 Bank Service Charges 75 ✔ 8 Cash Check My Work statement. Journalize the activity that affects the company's cash balance but it wouldn't know about until receiving the bank Check My Work 2 more Check My Work uses remaining Previous W 9 S MacBook Pro & JE 7 C O GO GO Fight_Ch10(....ppt 10,034 # 3 E D C $ 4 APR 2 30 R…
lemic Calendar My MCBS Library English (en) - ndamentals of Financial Accounting Summer Session 12021/ACT 140/D2 / Final Examination/ AC In a bank reconciliation statement, explain. A. Non-sufficient-funds (NSF) check B. What is a deposit in transit? A BI - mcbs.proctoring.online is sharing your screen. Stop 11
* CengageNOWV2 | Online teachin x om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false S eBook Show Me How Petty Cash Fund Prepare journal entries for each of the following: a. Issued a check to establish petty cash fund of $500. If an amount box does not require an entry, leave it blank. 88 b. The amount of cash in the petty cash fund is $85. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $360 and miscellaneous selling expense, $40. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank. Previous Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading 96 5. y.
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…
Accounting Q/ Prepare a Bank Reconciliation Statement for XYZ company that has: Bank statement of SR9,000. Cash account of SR7,500. Additional information for the reconciliation: Deposit in transit. NSF Check. Outstanding check. Collections made by the bank. Required: provide an amount of each information to bring the adjusted balances to be equal.
NOWV2 |Online teachin x ssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogress%3false Minor Company had checks outstanding totaling $19,200 on its April bank reconciliation. In May, Minor Company issued checks totaling $64,900. The May bank statement shows that $47,600 in checks cleared the bank in May. A check of $300 from one of Minor Company's customers was also returne marked "NSF." The amount of outstanding checks on Minor Company's May bank reconciliation should be Oa. $17,300 Ob. $66,800 Oc. $36,500 Od. $28,400
2. DETAILS rise BRECMBC9 4.11.TB.011. On May 27, you received your bank statement showing a balance of $1,026.34. Your checkbook shows a balance of $1,056.29. Outstanding checks are $245.50 and $377.20. The account earned $62.59. Deposits in transit amount to $705.24, and there is a service charge of $10.00. Calculate the reconciled balance. O $29.95 O $943.80 O $1,003.70 $1,108.88
cam - Intermediate Accounting 1.docx Open with Google Docs For Nos. 26- 27 Tron Company has provided the following data in relation to its bank reconciliation for April 2019. From March 31 bank recondliation: Deposit in transit Outstanding checks P6,800 15,600 April 2019 data: Per Bank Per Book Balance, March 31 Deposits reflected 296,560 190,400 287,760 196,000 Checks reflected (246,800) (244,000) Note collected 80,000 Service charge (480) 319,680 Balance, April 30 239,760 The checks reflected by the bank in April includes a P6,000 check drawn by Boron Company. 26. How much is Iron's deposits in transit at April 30? a. P12,400 b. P18,000 C. P1,200 d. P5,600 27. How much is Iron's outstanding checks at April 30? P27,600 b. a. P34,400 P18,800 d. P24,800 C. For Nos. 28-30 Page 4 / 5 The entity sold P1,500,000 of accounts receivable for cash proceeds of P1,390,000. No bad debt allowance was associated with these ac
Insructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Instructions The cash account for Pala Medical Co. at June 30, 20Y1, indicated a balance of $166,436. The bank statement indicated a balance of $195,688 on June 30, 20Y1. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items: a. Checks outstanding totaled $19,427. b. A deposit of $12,300, representing receipts of June 30, had been made too late to appear on the bank statement. C. The bank collected $26,500 on a $25,000 note, including interest of $1,500. d. A check for $4,000 returned with the statement had been incorrectly recorded by Pala Medical Co. as $400. The check was for the payment of an obligation to Skyline Supply Co. for a purchase on account. e. A check drawn for $195 had been erroneously charged by the bank as $915. f. Bank service charges for June amounted to $55. 1. Prepare a bank reconciliation. Refer to the…
mentSéssionLocator=&inprogress-false Update I eBook Show Me How Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,630. During May, the total cash deposited was $73,040 and checks written totaled $67,820. The bank statement indicated a balance of $24,760 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $11,030. b. A deposit of $8,980, representing receipts of May 31, had been made too late to appear on the bank statement. C. The bank had collected for Brentwood Bike Co. $4,750 on a note left for collection. The face of the note was $4,380. d. A check for $270 returned with the statement had been incorrectly charged by the bank as $720. e. A check for $850 returned with the statement had been recorded by Brentwood Bike Co. as $580. The check was for the payment of an obligation f. Bank service charges…
eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $6,788 Book balance: $8,393 Deposits in transit: $1,735 Outstanding checks: $579 and $1,523 Bank service charges: $25 Bank incorrectly charged the account $25. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This check was expensed to Utilities Expense.