Big Byte Fries received OMR 2000 from its takeaway orders. The money was deposited in the bank. Journalize the transaction in BigByte Fries 's cash book and show how the transaction is presented in the Bank statement.
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Big Byte Fries received OMR 2000 from its takeaway orders. The money was deposited in the bank. Journalize the transaction in BigByte Fries 's
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- Hajun Company received the following bank statement. Using the information from PB9 and PB10, prepare the bank reconciliation.Lightwell LLC a client of Sun Electronix LLC deposited OMR 5000 directly in the account of Sun Electronix LLC in Safe Bank .Journalize the transaction in Sun Electronix LLC 's cash book and show how the transaction is presented in the Bank statement.Bank Charged OMR 15 as bank charges to Mundher for replacing his lost credit card. Journalize the transaction in Mundher's cash book and show how the transaction is presented in the Bank statement.
- Big Byte Fries received OMR 2000 from its takeaway orders. The money was deposited in the bank. Journalize the transaction in Big Byte Fries' cash book and show how the transaction is presented in the Bank statement.Examine and Understand the Bank Statement and the Cash-in-bank Ledger. Prepare a Bank Reconciliation Statement. Use the space provided after the illustrations for your answer. Cash-in-bank (IPB Bank) Dec. 4 Check No. 6 Check No. 8 Check No. 9 Check No. Dec. 1 Deposit 90,000 45,000 9,000 72,000 4,500 13,500 324003 36,000 9,100 324005 27,000 324006 22,500 324001 12 Deposit 324002 23 Deposit 27 Deposit 324004 12 Check No. 20 Check No. 28 Check No. 324007 45,000 Bank Statement Date Check No. Withdrawals Deposits 90,000 Balance 90,000 Dec. 1 10 324004 9,100 80,900 20 324001 4,500 22,500 76,400 53,900 22 324006 27 45,000 98,900 29 9,000 107,900 29 324003 36,000 71,900 29 27,000 CM 98,900 31 1800 SC 97,100 CM - Credit Memo DM - Debit Memo SC - Service Charge RT - Returned Check Legend:How do you record a debit card purchase in Quickbooks? A. Use the Enter Bills window to enter the information, then immediately go to the Pay Bills window and prepare th check. B. Prepare a journal entry to debit the expense account of the purchase and credit cash. C. Wait until you do the bank reconciliation and enter one journal entry for all of your debit card purchases. D. Using the Write Checks window, in the No. field,type “Debit.” Enter the vendor name and amount in the check area.
- Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is required in the company's accounts? Oa. debit Cash; credit Notes Receivable and Interest Revenue Ob. debit Accounts Receivable; credit Cash Oc. debit Cash; credit Miscellaneous Income Od. debit Notes Receivable; credit CashAfter posting the journal entries to the Cash T-account, the balance in the Cash T- account should equal the True Cash Balance on the Bank Reconciliation the Cash Balance per Books O today's Cash Balance on the Bank's internet site. the Cash Balance per Bankis the answer to this question correct If you received a check from Mr. Jones for $500 for work you performed last week, which journal would you use to record receipt of the amount they owed you? What would be recorded? This transaction will be recorded in the Cash Receipts Journal. The receipt of cash from the sale of goods, as payment on accounts receivable or from other transactions, is recorded in a cash receipts journal with a debit to cash and a credit to the source of the cash, whether that is from sales revenue, payment on an account receivable, or some other account. Chapter 7 Accounting Information Systems out of Principles of Accounting, Volume 1. CASH RECEIPTS JOURNAL Date Account Cash DR Accounts Receivable CR 2022 Mar.13 Mr. Jones $ 500 $ 500
- A deposit of $25,000 made by Federal Trading appeared on the bank statement of Fidel Trading. tell why it should be in the adjusted cash book eventhough the transaction was done via the bankDorothy, the bookkeeper of Tacurong Organic Farm recorded check no.368 in the Cash Disbursement Journal as P50,505. The correct amount of the check was P50,550. Bank. P50,550 will be added to the bank records. Bank. P45 will be deducted to the bank records. Book. P50,550 will be added to the books. Book. P45 will be deducted to the books. The deposits of Tacurong Organic Farm earned interest of P132.08 for the month. Tacurong Organic Farm does not have knowledge of interest earned until it receives the bank statement. Book. P132.08 will be added to the books. Book. P132.08 will be deducted to the books. Bank. P132.08 will be added to the bank records, Bank. P132.08 will be deducted to the bank records.In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your bank statement, you are advised that this check for $775 is "NSF." The bank also informs you that due to the amount of activity on your business account the monthly service charge is $75. During a bank reconciliation, you will Oa. add both values to balance according to bank Ob. add both values to balance according to books Oc. subtract both values from balance according to books Od. subtract both values from balance according to bank
