Balance perok, March 31Cash receipts for AprilCash disbursements for AprilNo. 1331No. 1332No. 1333No. 1334No. 1335Outstanding checks as of April 30 ofwhich No. 1333 had been certified:ollowing information:800,0004,100,0003,800,000April debit memos were:For NSF checkFor bank service chargeApril credit memo for note collectedUndeposited collectionsby bank in the name of Zodiac CompanyBalance per bank, April 30Required:to bank approach and prepare adjusting entries.Prepare a bank reconciliation on April 30 following the bookProblem 2-6 (IAA)Galaxy S21+ 5G40,00030,00050,00060,00010,000595,00025,000January:Virgo Company provided the following data for the month of60,000270,0001,000,000Balance per book, January 31Balance per bank statement, January 31Collections on January 31 but undepositedNSF check received from a customerreturned by the bank on February 5with the January bank statementChecks outstanding on January 31Bank debit memo for safety deposit boxrental not recorded by depositorA creditor's check for P30,000 was incorrectlyrecorded in the depositor's book asA customer's check for P200,000 wasrecorded by the depositor asThe depositor neglected to make an entry inits books for a check drawn in paymentof an account payableRequired:adjusting entries.Prepare a bank reconciliation on January 31 and prepare3,130,0003,500,000550,00050,000650,0005,000300,00020,000125,000.

Note: We’ll answer the first question since Problem 2-6 (IAA) is highlighted so I solved this…

Problem 2-6 (IAA) January: Virgo Company provided the following data for the month of Balance per book, January 31 Balance per bank statement, January 31 NSF check received from a customer Collections on January 31 but undeposited returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable 3,130,000 3,500,000 550,000 59 50,000 650,000 5,000 300,000 20,000 125,000 Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare

Problem 2-6 (IAA) January: Virgo Company provided the following data for the month of Balance per book, January 31 Balance per bank statement, January 31 NSF check received from a customer Collections on January 31 but undeposited returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable 3,130,000 3,500,000 550,000 59 50,000 650,000 5,000 300,000 20,000 125,000 Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare

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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