More info(Click the icon to view the bank statement.)a. A deposit of $2,300 is in transit.b. Rick's Deli has an ending checkbook balance of $6,010.c. Checks outstanding: no. 111, $800; no. 119, $1,600; no. 121, $360.d. Bill Johnson's check for $500 bounced due to lack of sufficient funds.e. Bank service charge $75.PrintDoneOld Balance6,700Lowell National BankRio Mean BranchBugna, TexasRick's Deli8811 2nd St.Bugna, TexasChecks and Other Withdrawalsin Order of Payment50.00 270.00220.00510.00500.00 NSF1,350.00520.00 75.00 SC(NSF = nonsufficient funds; SC = service charge.)Deposits230.00650.00310.001,280.00220.00Date2/22/32/102/152/202/242/28New Balance6,7006,3806,3906,5306,3406,2705,895 From the following bank statement, please (1) complete the bank reconciliation for Rick's Deli included below and (2) journalize th(1) Complete the bank reconciliation for Rick's Deli.Start by preparing the book portion of the reconciliation and then complete the reconciliation by completing the bank portion. (If aor enter a zero.)Checkbook balanceAdd:Reconciled balanceDeduct:DateFeb.DateFeb.28Rick's DeliBank Reconciliation as of February 28, 201XCheckbook balanceJournalize the bank service charges.28(2) Journalize the appropriate entries as needed. (Record debits first, then credits. Exclude explanations from jouriBill Johnson's check for $500 bounced due to lack of sufficient funds.Journal EntryAccount TitlesBank balanceAccount TitlesAdd:Journal EntryDeduct:Reconciled balancePRBank balancePRDr.Dr.Cr.Cr.

More info (Click the icon to view the bank statement.) a. A deposit of $2,300 is in transit. b. Rick's Deli has an ending checkbook balance of $6,010. c. Checks outstanding: no. 111, $800; no. 119, $1,600; no. 121, $360. d. Bill Johnson's check for $500 bounced due to lack of sufficient funds. e. Bank service charge $75. Print Done Old Balance 6,700 Lowell National Bank Rio Mean Branch Bugna, Texas Rick's Deli 8811 2nd St. Bugna, Texas Checks and Other Withdrawals in Order of Payment 50.00 270.00 220.00 510.00 500.00 NSF 1,350.00 520.00 75.00 SC (NSF nonsufficient funds: SC service charge.) Deposits 230.00 650.00 310.00 1,280.00 220.00 Date 2/2 2/3 2/10 2/15 2/20 2/24 2/28 New Balance 6,700 6,380 6,390 6,530 6,340 6,270 5,895

More info (Click the icon to view the bank statement.) a. A deposit of $2,300 is in transit. b. Rick's Deli has an ending checkbook balance of $6,010. c. Checks outstanding: no. 111, $800; no. 119, $1,600; no. 121, $360. d. Bill Johnson's check for $500 bounced due to lack of sufficient funds. e. Bank service charge $75. Print Done Old Balance 6,700 Lowell National Bank Rio Mean Branch Bugna, Texas Rick's Deli 8811 2nd St. Bugna, Texas Checks and Other Withdrawals in Order of Payment 50.00 270.00 220.00 510.00 500.00 NSF 1,350.00 520.00 75.00 SC (NSF nonsufficient funds: SC service charge.) Deposits 230.00 650.00 310.00 1,280.00 220.00 Date 2/2 2/3 2/10 2/15 2/20 2/24 2/28 New Balance 6,700 6,380 6,390 6,530 6,340 6,270 5,895

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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