Please help me solve it **Domingo Company Transactions and Bank Reconciliation***Domingo Company started its business on January 1, 2019. Below are the transactions for May:*A. The owners invested $11,000 into the business account from their personal funds.B. Paid rent of $500 using check #101.C. Opened a petty cash fund with $600 via check #102.D. Received $1,200 cash for services provided.E. Purchased office supplies costing $158 with check #103.F. Bought computer equipment for $2,500, paid $1,250 with check #104, remaining to be paid within 30 days.G. Received $800 cash for additional services provided.H. Paid wages amounting to $600 with check #105.I. Petty cash disbursements include: office supplies $256, maintenance expense $112, postage $79, and miscellaneous expenses $57. Cash remaining is $108. Issued check #106.J. Increased petty cash fund by $300 with check #107.*Domingo Company received the following bank statement:***Bank Statement**- **Beginning balance:** $0| Deposits | Checks ||------------|----------|| $11,000 | $500 || $1,200 | $600 || $800 | $158 || | $492 |- Bank service charges: $100- **Total Deposits:** $12,200- **Total Checks:** $1,850- **Ending balance:** $10,350**Instructions: Prepare the bank reconciliation.****Domingo Company Bank Reconciliation**| **Bank Reconciliation** ||-------------------------|| **Bank Statement Balance at (date):** ______ || **Add:** | || **Less:** | || **Adjusted Bank Balance:** ______ || **Book Balance at (date):** ______ || **Less:** | || **Adjusted Book Balance:** ______ |

A bank reconciliation statement aligns an organization's bank account with its book records by…

Domingo Company started its business on January 1, 2019. The following transactions occurred during the month of May. A. The owners invested $11,000 from their personal account to the business account. B. Paid rent $500 with check #101. C. Initiated a petty cash fund $600 with check #102. D. Received $1,200 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,500, paid $1,250 with check #104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $600, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $112, postage expense $79, miscellaneous expense $57. Cash on hand $108. Check # 106. J. Increased petty cash by $30, check # 107. Domingo Company received the following bank statement. Bank Statement Beginning balance $0 Deposits Checks A. $11,000 101 $500 D. 1,200 102 600 103 158 106 492 Bank service charges 100 Total 12,200 1,850 Ending balance $10,350 Prepare the bank reconciliation. Domingo Company Bank Reconciliation Bank Statement Balance at (date) Add: Less: Adjusted Bank Balance Book Balance at (date) Less: Adjusted Book Balance

Domingo Company started its business on January 1, 2019. The following transactions occurred during the month of May. A. The owners invested $11,000 from their personal account to the business account. B. Paid rent $500 with check #101. C. Initiated a petty cash fund $600 with check #102. D. Received $1,200 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,500, paid $1,250 with check #104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $600, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $112, postage expense $79, miscellaneous expense $57. Cash on hand $108. Check # 106. J. Increased petty cash by $30, check # 107. Domingo Company received the following bank statement. Bank Statement Beginning balance $0 Deposits Checks A. $11,000 101 $500 D. 1,200 102 600 103 158 106 492 Bank service charges 100 Total 12,200 1,850 Ending balance $10,350 Prepare the bank reconciliation. Domingo Company Bank Reconciliation Bank Statement Balance at (date) Add: Less: Adjusted Bank Balance Book Balance at (date) Less: Adjusted Book Balance

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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