The reconciling items in the Bank Reconciliation are as follows: EFT receipt from a customer $1,200 Bank service charge $100 NSF check $2,300 EFT payment a utility bill $,1,699 Establish a petty cash fund by writing a $3,000 check The petty cash fund has $500 in cash and $2,400 in petty cash tickets (including office supplies 1,000, Entertainment Expense $1,400) Replenished the fund and recorded the expenditures.
The reconciling items in the Bank Reconciliation are as follows: EFT receipt from a customer $1,200 Bank service charge $100 NSF check $2,300 EFT payment a utility bill $,1,699 Establish a petty cash fund by writing a $3,000 check The petty cash fund has $500 in cash and $2,400 in petty cash tickets (including office supplies 1,000, Entertainment Expense $1,400) Replenished the fund and recorded the expenditures.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The reconciling items in the Bank Reconciliation are as follows:
EFT receipt from a customer $1,200
Bank service charge $100
NSF check $2,300
EFT payment a utility bill $,1,699
Establish a petty cash fund by writing a $3,000 check
The petty cash fund has $500 in cash and $2,400 in petty cash tickets (including office supplies 1,000, Entertainment Expense $1,400) Replenished the fund and recorded the expenditures.
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