Record the journal entry for the bank reconciliation for the debit memos or checks not included on the books, if necessary. Information: The following information is available for the bank reconciliation: (1) Checks written but not paid by the bank, $8,350. (2) A deposit of $6,500 made on December 31, Year 6, had been recorded but was not shown on the bank statement. (3) A debit memo for $55 for a new supply of checks. (Hint: Use Office Supplies Expense account.) (4) A credit memo for $30 for interest earned on the checking account. (5) An NSF check for $120. (6) The balance shown on the bank statement was $80,822.
Record the journal entry for the bank reconciliation for the debit memos or checks not included on the books, if necessary. Information: The following information is available for the bank reconciliation: (1) Checks written but not paid by the bank, $8,350. (2) A deposit of $6,500 made on December 31, Year 6, had been recorded but was not shown on the bank statement. (3) A debit memo for $55 for a new supply of checks. (Hint: Use Office Supplies Expense account.) (4) A credit memo for $30 for interest earned on the checking account. (5) An NSF check for $120. (6) The balance shown on the bank statement was $80,822.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I am not sure what these question is asking me to do. I am to record a account title a general ledger with the following question and information.
Record the
Information:
The following information is available for the bank reconciliation:
- (1) Checks written but not paid by the bank, $8,350.
- (2) A deposit of $6,500 made on December 31, Year 6, had been recorded but was not shown on the bank statement.
- (3) A debit memo for $55 for a new supply of checks. (Hint: Use Office Supplies Expense account.)
- (4) A credit memo for $30 for interest earned on the checking account.
- (5) An NSF check for $120.
- (6) The balance shown on the bank statement was $80,822.
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