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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2625a59d-b2cd-4b14-b45d-d982de32dbe4%2Fba1c5c4b-606a-416b-9453-374534a59003%2Fgx6zva7_processed.png&w=3840&q=75)
Transcribed Image Text: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
![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 a
or enter a zero.)
Checkbook balance
Add:
Reconciled balance
Deduct:
Date
Feb.
Date
Feb.
28
Rick's Deli
Bank Reconciliation as of February 28, 201X
Checkbook balance
Journalize the bank service charges.
28
(2) Journalize the appropriate entries as needed. (Record debits first, then credits. Exclude explanations from jouri
Bill Johnson's check for $500 bounced due to lack of sufficient funds.
Journal Entry
Account Titles
Bank balance
Account Titles
Add:
Journal Entry
Deduct:
Reconciled balance
PR
Bank balance
PR
Dr.
Dr.
Cr.
Cr.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2625a59d-b2cd-4b14-b45d-d982de32dbe4%2Fba1c5c4b-606a-416b-9453-374534a59003%2F4uuv3cm_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 a
or enter a zero.)
Checkbook balance
Add:
Reconciled balance
Deduct:
Date
Feb.
Date
Feb.
28
Rick's Deli
Bank Reconciliation as of February 28, 201X
Checkbook balance
Journalize the bank service charges.
28
(2) Journalize the appropriate entries as needed. (Record debits first, then credits. Exclude explanations from jouri
Bill Johnson's check for $500 bounced due to lack of sufficient funds.
Journal Entry
Account Titles
Bank balance
Account Titles
Add:
Journal Entry
Deduct:
Reconciled balance
PR
Bank balance
PR
Dr.
Dr.
Cr.
Cr.
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