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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd86e7b59-e19f-46f4-bcba-bb90e2ee65e7%2Fde20abb9-fe9b-4b09-89b2-a0e184db6ced%2Fv1ucadr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:CengageNOWv2| Online teachin x
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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
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