Record the entries that stem from the following bank reconciliation report. Balance as per records Deposit in transit Outstanding payment Error-cheque 325 NSF cheque - Fields NSF Fee Bank account fee Reconciled balance Two to Tango Dance School Bank Reconciliation March 31, 2023 General Ledger $5,614.84 <1,263.84> <65.00> <17.50> $4,268.50 Bank $4,013.88 550.62 <350.00> 54.00 $4,268.50 IMPORTANT Record the entries in the order the items are listed on the bank reconciliation report. When entering numbers, please do not use commas or dollar signs.

Record the entries that stem from the following bank reconciliation report. Balance as per records Deposit in transit Outstanding payment Error-cheque 325 NSF cheque - Fields NSF Fee Bank account fee Reconciled balance Two to Tango Dance School Bank Reconciliation March 31, 2023 General Ledger $5,614.84 <1,263.84> <65.00> <17.50> $4,268.50 Bank $4,013.88 550.62 <350.00> 54.00 $4,268.50 IMPORTANT Record the entries in the order the items are listed on the bank reconciliation report. When entering numbers, please do not use commas or dollar signs.

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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Copeland Company's bank reconciliation as of February 28 is shown below. Bank balance $ 38,943 3,600 + Deposit in transit - Outstanding checks Adjusted bank balance. Book balance Note collection Check printing - 2,380 $ 40,163 Adjusted book balance One of the journal entries that Copeland must record as a result of the bank reconciliation includes: Multiple Choice O Debit Cash $3,600; credit Accounts Receivable $3,600. Debit Cash $875; credit Notes Receivable $875. Debit Miscellaneous Expense $50, credit Accounts Payable $50. Debit Cash $3,600; credit Sales $3,600 $ 39,338 +875 -50 $ 40,163
A -1 Prepared by Reviewed by William, Inc. Bank Confirmation - General Account December 31, 2022 Balance per Bank at December 31, 2022 $20,200.22 * Deposit in Transit - per A-1-2 2,000.00 # Outstanding Checks - per A-1-3 (5,200.00) Other - Note Collected by Bank (10,000.00) ^ Bank Service Charge (9.50) Balance per Books at December 31, 2022 $8,990.72 * f f Column footed. ^ Amount agrees to amount recorded as a deposit on the bank statement and description agrees with receipt enclosed with 12/31/22 bank statement. This note is the Kristopher note receivable that was recorded as a receipt by the client in the cash receipts journal on January 3, 2023. The receivable was appropriately credited and properly reflected in the January cash receipts journal. No adjustment needed as bank and books simply record this in different periods. #Agreed to December 31,…
Balance, December 31, 2018 $3,340 ADD: Deposit in transit 100 3,440 LESS: Outstanding checks $400 400 Adjusted bank balance, December 31, 2018 $3,040 Book: Balance, December 31, 2018 $2,540 ADD: Bank collection $510 Interest revenue 20 530 3,070 LESS: Service charge $30 30 Adjusted book balance, December 31, 2018 $3,040
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Current Attempt in Progress Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation. 1. 2 3. 4. 5. EFT transfer to a supplier. Bank service charge. Check printing charge. Error recording check # 214 which was written for $260 but recorded for $620. Collection of note and interest by the bank on the company's behalf.
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Attached is some information about DGA Groceries. Use this information to prepare a bank reconciliation for April 30, 2020. Bank of Edmonton Downtown Edmonton, Alberta, Canada Bank Statement Period: Apr 1 - 30, 2020 Client Name DCA Groceries Account Number 7800-7802364 Description Deposit Withdrawal Date Balance Balance Forward 1-Apr-20 15,032.00 Cheque#7801010 200.00 1-Apr-20 14,832.00 EFT 2,900.00 1-Apr-20 17,732.00 Cheque Deposit 1,800.00 2-Apr-20 19,532.00 Cheque Deposit 800.00 3-Apr-20 20,332.00 Cheque#7801012 1,500.00 3-Apr-20 18,832.00 Cheque#7801013 1,912.00 3-Apr-20 16,920.00 Checque Deposit 13,200.00 3-Apr-20 30,120.00 Cheque#7801014 110.00 6-Apr-20 30,010.00 Cash Withdrawal 100.00 7-Apr-20 29,910.00 Cash Deposit 1,275.00…
Need help on figuring out what to put for account/explanation for the journal entry
Using the following information: Bank balance: $3,678 Book balance: $2,547 Deposits in transit: $321 Outstanding checks: $108 and $334 Bank charges: $25 Notes receivable: $1,000; interest: $35 and using the following accounts/items: Bank Errors Bank Service Charges Cash Deposits in Transit Interest Expense Interest Income Notes Receivable Outstanding Checks you are to prepare a bank reconciliation: Bank Balance [ Select ] Book Balance [ Select] Add items: Add items: [ Select ] [ Select ] [ Select] [ Select ] [ Select ] [ Select ] [ Select ] [ Select ] Less items: Less items: [ Select ] [ Select ] [ Select] [ Select ] [ Select ] [ Select ] [ Select] [ Select ] Adjusted Bank Bal. [ Select ] Adjusted Book Bal. [ Select ] PLEASE NOTE: For the above reconciliation, if no dollar amount is needed, please use "$0" or if no item is needed, please use "None" - no quotation marks. You must enter the account and item names exactly as written above and all dollar amounts will be with "$" and commas…