**General Journal needed** Review uploaded images Rick Hall owns a card shop: Hall’s Cards. The following cash information is available for the month of August Year 1. As of August 31, the bank statement shows a balance of $13,250. The August 31 unadjusted balance in the Cash account of Hall’s Cards is $9,564. A review of the bank statement revealed the following information: A deposit of $1,250 on August 31, Year 1, does not appear on the August bank statement.It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,750 but was recorded on the books as $2,650.When checks written during the month were compared with those paid by the bank, three checks amounting to $4,095 were found to be outstanding.A debit memo for $59 was included in the bank statement for the purchase of a new supply of checks. Journal entry worksheetAвRecord entry for office supplies expenses.Note: Enter debits before credits.EventGeneral JournalDebitCredit2 Journal entry worksheetAвRecord the entry to correct the error created while recording check forinventory.Note: Enter debits before credits.EventGeneral JournalDebitCredit1

The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Answered: General Journal needed** Review…

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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**General Journal needed** Review uploaded images

Rick Hall owns a card shop: Hall’s Cards. The following cash information is available for the month of August Year 1.

As of August 31, the bank statement shows a balance of $13,250. The August 31 unadjusted balance in the Cash account of Hall’s Cards is $9,564. A review of the bank statement revealed the following information:

A deposit of $1,250 on August 31, Year 1, does not appear on the August bank statement.
It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,750 but was recorded on the books as $2,650.
When checks written during the month were compared with those paid by the bank, three checks amounting to $4,095 were found to be outstanding.
A debit memo for $59 was included in the bank statement for the purchase of a new supply of checks.

Journal entry worksheet
A
в
Record entry for office supplies expenses.
Note: Enter debits before credits.
Event
General Journal
Debit
Credit
2

Journal entry worksheet
A
в
Record the entry to correct the error created while recording check for
inventory.
Note: Enter debits before credits.
Event
General Journal
Debit
Credit
1

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