need the answer quickly
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
i need the answer quickly

Transcribed Image Text:The De Anza Company received its bank statement for the month of November with an ending balance of $85,766.00. Check #1630 for $1055.00,
check #1628 for $4615 and check #1610 for $2955.00 were outstanding. An $11,550.00 deposit for November 30th was in transit as of the end of
the month. The Bank also collected a $10,000.00 notes receivable on November 21st plus interest of $650. No interest revenue has been accrued on
this note and the Bank charged a $15.00 fee for the collection service. The bank statement reveals a bank service charge of $29.00. A customer's
check for $475.00 was returned with the bank statement marked "NSF". The ending balance of The De Anza Company's cash account is $78,560.00.
Complete a bank account reconciliation and prepare any necessary journal entries for the reconciliation.
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education