Beginning BalanceA.D.TotalEnding BalanceDeposits$7,5003507,850Bank Statement.Checks101102103106Bank service chargesC. Initiated a petty cash fund $250 check #102.D. Received $350 cash for services rendered.Bank Statement balance$ 6002501252421,307Lavender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April.A. The owners invested $7,500 from their personal account to the business account.B. Paid rent $600 with check #101.$0E. Purchased office supplies for $125 with check #103.F. Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days.G. Received $750 cash for services rendered.H. Paid wages $375, check #105.1. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106.J. Increased Petty Cash by $70, check #107.Assume no bank errors.Lavender CompanyBank Reconciliation$6,543Book balance

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Beginning Balance A. D. Total Ending Balance Deposits $7,500 350 7,850 Checks 101 102 103 106 Bank service charges $ 600 250 125 242 90 1,307 . Initiated a petty cash fund $250 check #102. O. Received $350 cash for services rendered. $0 $6,543 avender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. . The owners invested $7,500 from their personal account to the business account. . Paid rent $600 with check #101. . Purchased office supplies for $125 with check #103. . Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days. . Received $750 cash for services rendered. . Paid wages $375, check #105. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106 Increased Petty Cash by $70, check #107. ssume no bank errors.

Beginning Balance A. D. Total Ending Balance Deposits $7,500 350 7,850 Checks 101 102 103 106 Bank service charges $ 600 250 125 242 90 1,307 . Initiated a petty cash fund $250 check #102. O. Received $350 cash for services rendered. $0 $6,543 avender Company started its business on April 1, 2019. The following are the transactions that happened during the month of April. . The owners invested $7,500 from their personal account to the business account. . Paid rent $600 with check #101. . Purchased office supplies for $125 with check #103. . Purchased computer equipment $1,500, paid $500 with check #104, and will pay the remainder in 30 days. . Received $750 cash for services rendered. . Paid wages $375, check #105. Petty cash reimbursement Office Supplies $50, Maintenance Expense $80, Miscellaneous Expense $60. Cash on hand $8. Check #106 Increased Petty Cash by $70, check #107. ssume no bank errors.

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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