Based on the following bank reconciliation, prepare the journal entries: Ruggero Celini Associates Bank Reconciliation July 31, 20 -- 1 Bank statement balance, July 31 $1,784.00 2 Add deposits in transit $418.50 3 100.50 519.00 4 $2,303.00 5 Deduct outstanding checks: 6 No. 185 $206.50 7 No. 203 317.40 8 No. 210 56.10 580.00 9 Adjusted bank balance $1,723.00 10 11 Book balance, July 31 $1,792.00 12 Add: 13 Error on Check No. 191* $10.00 14 Interest earned 2.00 12.00 15 $1,804.00 16 Deduct: 17 NSF check $66.00 18 Bank service charge 15.00 81.00 19 Adjusted book balance $1,723.00 *Accounts Payable was debited in original entry. Required: Prepare the journal entries.
Based on the following bank reconciliation, prepare the journal entries: Ruggero Celini Associates Bank Reconciliation July 31, 20 -- 1 Bank statement balance, July 31 $1,784.00 2 Add deposits in transit $418.50 3 100.50 519.00 4 $2,303.00 5 Deduct outstanding checks: 6 No. 185 $206.50 7 No. 203 317.40 8 No. 210 56.10 580.00 9 Adjusted bank balance $1,723.00 10 11 Book balance, July 31 $1,792.00 12 Add: 13 Error on Check No. 191* $10.00 14 Interest earned 2.00 12.00 15 $1,804.00 16 Deduct: 17 NSF check $66.00 18 Bank service charge 15.00 81.00 19 Adjusted book balance $1,723.00 *Accounts Payable was debited in original entry. Required: Prepare the journal entries.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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Question
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Based on the following bank reconciliation, prepare the journal entries:
|
Ruggero Celini Associates
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|
Bank Reconciliation
|
|
July 31, 20 --
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|
1
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Bank statement balance, July 31
|
|
$1,784.00
|
|
2
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Add deposits in transit
|
$418.50
|
|
|
3
|
|
100.50
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519.00
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|
4
|
|
|
$2,303.00
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|
5
|
Deduct outstanding checks:
|
|
|
|
6
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No. 185
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$206.50
|
|
|
7
|
No. 203
|
317.40
|
|
|
8
|
No. 210
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56.10
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580.00
|
|
9
|
Adjusted bank balance
|
|
$1,723.00
|
|
10
|
|
|
|
|
11
|
Book balance, July 31
|
|
$1,792.00
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|
12
|
Add:
|
|
|
|
13
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Error on Check No. 191*
|
$10.00
|
|
|
14
|
Interest earned
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2.00
|
12.00
|
|
15
|
|
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$1,804.00
|
|
16
|
Deduct:
|
|
|
|
17
|
NSF check
|
$66.00
|
|
|
18
|
Bank service charge
|
15.00
|
81.00
|
|
19
|
Adjusted book balance
|
|
$1,723.00
|
*Accounts Payable was debited in original entry.
Required:
| Prepare the journal entries. |
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