Transactions for Concord SE for the month of May are presented below. Prepare journal entries for each of these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) May 1 3 B.D. Concord invests €3,890 cash in exchange for ordinary shares to start his welding business. Buys equipment on account for €1,121. 13 Pays €413 to landlord for May rent. 21 Bills Noble Corp. €550 for welding work done. (Use Service Revenue account.) Date Account Titles and Explanation > Debit Credit

Transactions for Concord SE for the month of May are presented below. Prepare journal entries for each of these transactions. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) May 1 3 B.D. Concord invests €3,890 cash in exchange for ordinary shares to start his welding business. Buys equipment on account for €1,121. 13 Pays €413 to landlord for May rent. 21 Bills Noble Corp. €550 for welding work done. (Use Service Revenue account.) Date Account Titles and Explanation > Debit Credit

Name: Transactions for Concord SE for the month of May are presented below.
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Transactions for Concord SE for the month of May are presented below. Prepare journal entries for each of these transactions. (If noentry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are au

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

c) The followings are the cash book and the bank statement of Alison Baker for the month of November 2017: i) Date 2021 ii) Nov 16 G. Philip 21 J. Forker 31 S. O'Hare 31 Balance c/d REQUIRED: Date 2021 Nov 1 8 16 20 21 31 31 31 Details Balance T. MacLeod Cheque W. Milne Cash book Bank 292 369 192 1,682 5,048 Cheque G. Frank: trader's credit Standing Order Bank Charges Date 2021 Bank statement Illustrate the cash book up to date. Nov 1 6 30 W. Milne 29 S. Porter Balance T. MacLeod Debit 184 160 32 19 292 369 88 Bank Credit Balance Illustrate a bank reconciliation statement as at 31 November 2021. 4,200 184 160 504 5,048 4,200 O/D 4,384 O/D 4,092 O/D 4,252 O/D 3,883 O/D 3,795 0/D 3,827 0/D 3,846 O/D
Please Solve In 20mins
Prepare Bryant's bank reconciliation at November 30. | E4-21 Tim Wong operates a FedEx Kinko's store. He has just received the monthly bank statement at May 31, 2020, from Royal Bank of Canada, and the statement shows an ending balance of $595. Listed on the statement are an EFT customer collection of $300, a service charge of $12, two NSF cheques totalling $120, and a $9 charge for printed cheques. In reviewing his cash records, Wong identifies outstanding cheques totalling $603 and a May 31 deposit in transit of $1,788. During May, he recorded a $290 cheque for the salary of a part-time employee as $29. Wong's Cash account shows a May 31 cash balance of $1,882. How much cash does Wong actually have at May 31?
Spielberg Company’s general ledger shows a cash account balance of $23,220 on July 31, 2024. Cash sales of $1,885 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $55 and an NSF check from a customer of $250. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,460. The bank statement shows a balance of $22,490 on July 31. Required: 1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31, 2024. 2. Record the necessary entry(ies) to adjust the balance for cash.
answer quickly
Exercise No.(7): From the following ledger balances of Nizwa Bank as on 31st Dec.2016 prepare income statement and Balance Sheet OMR OMR ('000) 3,250 ('000) 2,500 Share Capital Statutory Reserves 2 Profit (previous year) Bills Payable Sundry Creditors General reserve Fixed Deposit Savings Deposit Current Accounts 3 17,750 1,500 38,750 100 Money at call and short notice 3. 2,400 4,000 15,500 1,000 Investments 250 Interest accrued 700 General Expenses 16 50 Borrowed from other banks 4 4,800 Dividend 11 Non-Banking assets Interest and Discount 3 250 1,200 Cash in hand 750 3,250 Premises 10 6,500 Unclaimed Dividends 5 50 Cash at Central Bank 6 7,050 Loans, Overdrafts 35,000 Cash at Other Banks 5,200 Payment to Employees (6 400 Bills Discounted and Deposits from other banks 3 1,000 Purchased 141 2,500 Rent, taxes 16 100 Additional Information: a. Rebate on bills discounted to OMR 25 b. Allow 5% depreciation on Premises on cost. c. Provide OMR 250 for provision for doubtful debts
Please provide answer in text (Without image)
Assume that the employees are paid from the company's regular bank account check numbers 981 and 982 prepare the entry to record and pay the payroll in general journal from September 30th if required round amounts to the nearest cent if an amount does not require an entry leave it blank. College accounting 13th edition
please answer complete and correct this time with all working answer in text
a) prepare the genral journal entries necessary to update the Bank account in the general ledger for Nov 2017\ b) prepare the bank reconcilation as at 30 Nov 2017