can you please explain how they got the answers of these three questions? The following information is available for Company Inc. for October 31, 2019The bank statement balance is $3,506The cash account balance is $3,930Outstanding cheques totaled $1,285Deposits in transit are $1,670The bank service charge is $30A cheque for $98 for supplies was recorded as $89 in the ledger6) Which of the following is an Adjusting Journal Entry needed in this situation for October 31st:f) Dr Cash $89 Cr Supplies $89g) Dr Cash $98 Cr Supplies $98h) Dr Supplies $89 Cr Cash $89Dr Supplies $98 Cr Cash $98j) None of the above7) Which of the following is an Adjusting Journal Entry needed in this situation for October 31stf) Dr Cash $30 and Cr Bank Expenses $30g) Dr Cash $30 and Cr Prepaid Supplies $30h) Dr Prepaid Supplies $30 and Cr Cash $30i) Dr Bank Expenses $30 and Cr Cash $30j) None of the above8) Which of the following is the result of posting in the Cash account an AJE after doing the bankreconciliation on October 31st:f) Dr $30 for bank service chargeg) Cr $30 for bank service chargeh) Dr $1,670 for deposits in transiti) Cr $1,670 for deposits in transitj) None of the above

Bank reconciliation is drawn to find out the reasons of difference between the ending balances of…

The following information is available for Company Inc. for October 31, 2019 The bank statement balance is $3,506 The cash account balance is $3,930 Outstanding cheques totaled $1,285 Deposits in transit are $1,670 The bank service charge is $30 A cheque for $98 for supplies was recorded as $89 in the ledger 6) Which of the following is an Adjusting Journal Entry needed in this situation for October 31s f) Dr Cash $89 Cr Supplies $89 g) Dr Cash $98 Cr Supplies $98 h) Dr Supplies $89 Cr Cash $89 1) Dr Supplies $98 Cr Cash $98 j) None of the above 7) Which of the following is an Adjusting Journal Entry needed in this situation for October 31s f) Dr Cash $30 and Cr Bank Expenses $30 g) Dr Cash $30 and Cr Prepaid Supplies $30 h) Dr Prepaid Supplies $30 and Cr Cash $30 i) Dr Bank Expenses $30 and Cr Cash $30 ) None of the above 8) Which of the following is the result of posting in the Cash account an AJE after doing the ban reconciliation on October 31st: f) Dr $30 for bank service charge g) Cr $30 for bank service charge h) Dr $1,670 for deposits in transit 1) Cr $1,670 for deposits in transit i) None of the above

The following information is available for Company Inc. for October 31, 2019 The bank statement balance is $3,506 The cash account balance is $3,930 Outstanding cheques totaled $1,285 Deposits in transit are $1,670 The bank service charge is $30 A cheque for $98 for supplies was recorded as $89 in the ledger 6) Which of the following is an Adjusting Journal Entry needed in this situation for October 31s f) Dr Cash $89 Cr Supplies $89 g) Dr Cash $98 Cr Supplies $98 h) Dr Supplies $89 Cr Cash $89 1) Dr Supplies $98 Cr Cash $98 j) None of the above 7) Which of the following is an Adjusting Journal Entry needed in this situation for October 31s f) Dr Cash $30 and Cr Bank Expenses $30 g) Dr Cash $30 and Cr Prepaid Supplies $30 h) Dr Prepaid Supplies $30 and Cr Cash $30 i) Dr Bank Expenses $30 and Cr Cash $30 ) None of the above 8) Which of the following is the result of posting in the Cash account an AJE after doing the ban reconciliation on October 31st: f) Dr $30 for bank service charge g) Cr $30 for bank service charge h) Dr $1,670 for deposits in transit 1) Cr $1,670 for deposits in transit i) None of the above

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 12E: Inferring Accounts Receivable Amounts At the end of 2019, Karras Inc. had a debit balance of 141,120...

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