No Service11:04 PMC 90%Week 4 Assignment A*Funds were withdrawn by Enoch Johnson for personal use.1. PR.07.08A ALGORequired:1. Prepare a bank reconciliation as of October 31, 20--.Johnson EnterprisesBank ReconciliationOctober 31, 20--Bank statement balance, October 31$4Adjusted bank balanceBook balance, October 31Adjusted book balance2. Prepare the required journal entries.Page:DOC. POST.NO. REF.DATEACCOUNT TITLENO. REF. DEBIT20--Oct. 313Error on Check No. 1624445 Oct. 3166.7Unrecorded ATM withdrawal8.8.9Oct. 319.101011Bank service charge11121213 Oct. 3113141415NSF check15Check My Work 2 more Check My Work uses remaining.Progress: 1/1 itemsAssignment Score: 0.0%Save and ExitSubmit Assignment for GradingAv2.cengagenow.com No Service11:03 PMC 90%Week 4 Assignment APR.07.08A.ALGOBank Reconciliation and Related Journal EntriesThe book balance in the checking account of JohnsonEnterprises as of October 31 is $5,690.00. The bankstatement shows an ending balance of $5,176.00. Thefollowing information is discovered by (1) comparing lastmonth's deposits in transit and outstanding checks with thismonth's bank statement, (2) comparing deposits andchecks written per books and per bank in the currentmonth, and (3) noting service charges and other debit andcredit memos shown on the bank statement.Deposits in transit:10/29$215.0010/30410.00Outstanding checks:No. 163556.40No. 1639175.00No. 1641131.30No. 1653447.30Unrecorded ATM withdrawal:200.00Bank service charge:36.00NSF check:478.00Error on Check No. 1624Checkbook shows it was for $76, butit was actually written for $61.Accounts Payable was debited.*Funds were withdrawn by Enoch Johnson for personal use.Required:1. Prepare a bank reconciliation as of October 31, 20--.Johnson EnterprisesBank ReconciliationOctober 31, 20--Bank statement balance, October 31Adjusted bank balanceBook balance, October 31Check My Work 2 more Check My Work uses remaining.Progress: 1/1 itemsAssignment Score: 0.0%Save and ExitSubmit Assignment for GradingAAv2.cengagenow.com

he book balance in the checking account of Johnson nterprises as of October 31 is $5,690.00. The bank tatement shows an ending balance of $5,176.00. The ollowing information is discovered by (1) comparing last honth's deposits in transit and outstanding checks with this honth's bank statement, (2) comparing deposits and hecks written per books and per bank in the current honth, and (3) noting service charges and other debit and redit memos shown on the bank statement. eposits in transit: 10/29 $215.00 10/30 410.00 utstanding checks: No. 1635 56.40 No. 1639 175.00 No. 1641 131.30 No. 1653 447.30 nrecorded ATM withdrawal: 200.00 ank service charge: 36.00 SF check: 478.00 ror on Check No. 1624 Checkbook shows it was for $76, but it was actually written for $61. Accounts Payable was debited. Funds were withdrawn by Enoch Johnson for personal use. Cequired:

he book balance in the checking account of Johnson nterprises as of October 31 is $5,690.00. The bank tatement shows an ending balance of $5,176.00. The ollowing information is discovered by (1) comparing last honth's deposits in transit and outstanding checks with this honth's bank statement, (2) comparing deposits and hecks written per books and per bank in the current honth, and (3) noting service charges and other debit and redit memos shown on the bank statement. eposits in transit: 10/29 $215.00 10/30 410.00 utstanding checks: No. 1635 56.40 No. 1639 175.00 No. 1641 131.30 No. 1653 447.30 nrecorded ATM withdrawal: 200.00 ank service charge: 36.00 SF check: 478.00 ror on Check No. 1624 Checkbook shows it was for $76, but it was actually written for $61. Accounts Payable was debited. Funds were withdrawn by Enoch Johnson for personal use. Cequired:

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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