The cash balance in Eulerich, Inc.'s, October 31 general ledger is $76,500 The October bank statement sent by the bank indicates that Eulerich has a cash balance of $68,000 on October 31. Other information is as follows: (1) a deposit for $10,000 made on October 31 does not appear on the bank statement; (2) checks issued during October that have yet to clear the bank total $1,700: 131 bank service charges during October are $200. Eulerich's adjusted cash balance. at October 31 is $

The cash balance in Eulerich, Inc.'s, October 31 general ledger is $76,500 The October bank statement sent by the bank indicates that Eulerich has a cash balance of $68,000 on October 31. Other information is as follows: (1) a deposit for $10,000 made on October 31 does not appear on the bank statement; (2) checks issued during October that have yet to clear the bank total $1,700: 131 bank service charges during October are $200. Eulerich's adjusted cash balance. at October 31 is $

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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Use the following accounts; Cash Foreign exchange gain Foreign exchange loss Capital Bank Short-term investments Loss on sale of short-term investment Gain on sale of short-term investment RA established his own company, r@ktas Co. The following transactions are the events that occurred during December 2018, the company's first month: Date 12/1 The owner invested $ 200,000 cash for capital. 12/5 r@ktas Co., opened deposit account on Don't Trust Bank and put 2.000 Euro (Exchange rate was 1 Euro= 1,5 Dollar) 12/10 The Company purchased short-term investment with cash for $2,500. 12/18 The Company sold short-term investment with cash for $2.000 Note: • Exchange rate was 1 Euro= 1,4 Dollar at the end of the period. Requirements: 1- Give the journal entry for each transaction. 2- Post each transaction to Taccounts.