rel Fund, Bank Accounts and Control of FundsJune 5 Star 5 Grocery tPresented hereunder are the details of your Cash Receipts Journal, Cash DisbursementsJournal and the Bank Statement of Banco de Oro.Cash Receipts JournalDatePayorOdessa AlleraO.R. NumberAmountJune 30001P 30,00020,0005,00010,00020Arnold Navales000229Juanita Nambatac000330Kyle Jamora0004362Cash Disbursements JournalDatePayeeCheck NumberAmount15DX Convenience Store6581 P. 5,000658221MY Store7,00010,0008,0009,00025Eddie Gomez658328Rodolfo de la Torre65846585Banco de OroBank StatementFor the month of June, 20ADateWithdrawalDepositBalanceP 30,00025,00045,00037,00028,000June 4P 30,000156581P 5,0002120,0008,0009,000256584286585P 50,00022,000P 28,0002Count - CreditsCount - DebitBalance Last StatementMAASIM GROCERYMaasim, SaranganiProvince yroll Fund, Bank AcLuuIS and Control of Fundsfrom the -reconciled bank balance for the month of June bank reconciliation?What do you do with the amount of difference? Are you going to add to or deductJournal and the total withdrawal column of the bank statement?you call the amount of difference between your Cash Disbursements(Pertaining to Cash Disbursements Journal and Withdrawal columnof the bank statement)1. How much is the total withdrawal column of the bank statement?Ans.2. How much is the amount of difference between your Cash Disbursements Journaland the total withdrawal column of the bank statement?Ans.364What do3.Ans.4.Ans.

The Bank Statement and Bank column of the cash book need to be reconciled to understand the deposits…

Answered: ments Journal Payee Grocery nvenience…

Business

Accounting

ments Journal Payee Grocery nvenience Store pre Gomer Chec y to

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.6C

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rell Fund, Bank Accounts and Control of Funds June 5 Star 5 Grocery 15 - 2 Presented hereunder are the details of your Cash Receipts Journal, Cash Disbursements Journal and the Bank Statement of Banco de Oro. Cash Receipts Journal Date Payor Odessa Allera O.R. Number Amount June 3 0001 P 30,000 20,000 5,000 10,000 20 Arnold Navales 0002 29 Juanita Nambatac 0003 30 Kyle Jámora 0004 362 Cash Disbursements Journal Date Payee Check Number Amount 15 DX Convenience Store 6581 P. 5,000 6582 21 MY Store 7,000 10,000 8,000 9,000 25 Eddie Gomez 6583 28 Rodolfo de la Torre 6584 6585 Banco de Oro Bank Statement For the month of June, 20A Date Withdrawal Deposit Balance Р 30,000 25,000 45,000 37,000 28,000 June 4 Р 30,000 15 6581 P 5,000 21 20,000 8,000 9,000 25 6584 28 6585 P 50,000 22,000 P 28,000 2 Count - Credits Count - Debit Balance Last Statement MAASIM GROCERY Maasim, Sarangani Province
After 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 Bank
how To do the following following in sage300 ？ add a source code for each of the following types of transactions: a) GL-CR Cash Receipts b) GL-CD Cash Disbursements c) GL-BK Bank Charges d) GL-SA Sales Journal e) GL-SU Setup f) GL-PU Purchases Create the following Source Journal Profile: Profile: Bank Reconciliation Source Codes: Cash Receipts Cash Disbursements Bank Charges
Can I get a step by step explanation on the book to bank method in Sensible Company problem. Thank you.
Given this book and bank statement information, create an October bank reconciliation for Arrowhead company. And the journal entries required for the book side. BOOK INFO: Cash Date Debit Credit Balance 10/1/2020 Beginning Balance 8,259.86 10/1/2020 Ck 10102 Accounts Payable 1,374.12 6,885.74 10/2/2020 Ck 10103 Rent 3,420.00 3,465.74 10/2/2020 Ck 10104 Utilities 689.00 2,776.74 10/4/2020 Deposit 3,743.10 6,519.84 10/4/2020 Ck 10105 Advertising 344.21 6,175.63 10/4/2020 Ck 10106 Subscription 102.84 6,072.79 10/9/2020 Ck 10107 Internet 74.97 5,997.82 10/9/2020 Deposit 4,859.47 10,857.29 10/9/2020 Ck 10108 Telephone 221.00 10,636.29 10/9/2020 Deposit 11,339.64 21,975.93 10/12/2020 Ck 10109 Accounts Payable 1,680.00 20,295.93 10/13/2020 Ck 10110 Wages…
Calculate the ending reconciled cash balance using the following information: Ending Cash per Bank Statement $4,843.69 Ending Cash per General Ledger $10,893.89 Deposits in Transit 7,238.40 60 2,448.20 1,200 Bank Service Charge Outstanding Checks NSF Check $9,633.89 $9,693.89 $9,573.89 $8,433.89
The following information is made available while checking the cash accounts of AeronCompany on December 31, 2019:Balance per book 7,100,000Balance in checking account 7,000,000Deposit in transit 1,200,000Outstanding checks 1,500,000Deposit in other bank closed by BSP 1,500,000Currency and coins on hand 600,000Petty cash fund 50,000DAIF checks of customers returned by bank 500,000Error in recording a check in the book. The correct amount as paid bythe bank is P100,000 instead of P200,000 as recorded in the book 100,000The correct cash balance under current assets on December 31, 2019 is_______
Calculator Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry is required in the company's accounts? Oa. debit Cash; credit Other Income Ob. debit Accounts Receivable; credit Cash Oc. debit Other Income; credit Cash Od. debit Cash: credit Accounts Receivable 231 PM 8.
Question Content Area Using the following information: The bank statement balance is $5,065. The cash account balance is $5,459. Outstanding checks amounted to $866. Deposits in transit are $1,191. The bank service charge is $60. A check for $34 for supplies was recorded as $25 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement $fill in the blank 1 Adjustments: $- Select - - Select - Total adjustments fill in the blank 6 Adjusted balance $fill in the blank 7 Cash balance according to company's records $fill in the blank 8 Adjustments: $- Select - - Select - Total adjustments fill in the blank 13 Adjusted balance $fill in the blank 14
1. Brooks Agency set up a petty cash fund for $140. At the end of the current period, the fund contained $37 and had the following receipts: entertainment, $48; postage, $28; and printing, $27. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. 2. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry.
* CengageNOWV2 | Online teachin x om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-false S eBook Show Me How Petty Cash Fund Prepare journal entries for each of the following: a. Issued a check to establish petty cash fund of $500. If an amount box does not require an entry, leave it blank. 88 b. The amount of cash in the petty cash fund is $85. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $360 and miscellaneous selling expense, $40. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank. Previous Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading 96 5. y.
Which of the following item, have been recorded on the company's books but not yet by the bank: ered f1.00 Select one: stion a. Cash per bank b. Outstanding checks c. Cash per book d. Deposits in transit