123A co4567891011DATEGENERAL JOURNALDESCRIPTION20--May 16 Accounts Payable-Sunshine SuppliersCash in BankCheck 11120 Cash in Bank23 Advertising ExpenseCash in BankCheck 112Accounts Rec.-Tim McGraw, Inc.Receipt 54POST.REF.DEBIT795005250065.00PAGECREDIT37950052 5006500IN234567co loo91011Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Test cont.ACCOUNT Cash in BankDATEDESCRIPTION20--May 1 BalanceDATEDESCRIPTIONACCOUNT Accounts Receivable-Tim McGraw, Inc.20--May 1 BalanceGENERAL LEDGERPOST.REF.POST.REF.✓DEBITDEBITACCOUNT Accounts Payable-Sunshine SuppliersCREDITCREDITACCOUNT NO..DEBITBALANCE385000DEBITACCOUNT NO..BALANCE52500CREDIT101ACCOUNT NO..106CREDIT207

After recording the transaction in journal ,they are posted in a ledger. The ledger records…

Answered: V 16 Accounts Payable-Sunshine…

V 16 Accounts Payable-Sunshine Suppliers Cash in Bank Check 111 20 Cash in Bank Accounts Rec.-Tim McGraw, Inc. Receipt 54 23 Advertising Expense Cash in Bank REF. DEBIT 79500 52500 65 00

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.6C

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

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DATE
GENERAL JOURNAL
DESCRIPTION
20--
May 16 Accounts Payable-Sunshine Suppliers
Cash in Bank
Check 111
20 Cash in Bank
23 Advertising Expense
Cash in Bank
Check 112
Accounts Rec.-Tim McGraw, Inc.
Receipt 54
POST.
REF.
DEBIT
79500
52500
65.00
PAGE
CREDIT
3
79500
52 500
6500
IN
2
3
4
5
6
7
co loo
9
10
11
Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Chapter Test cont.
ACCOUNT Cash in Bank
DATE
DESCRIPTION
20--
May 1 Balance
DATE
DESCRIPTION
ACCOUNT Accounts Receivable-Tim McGraw, Inc.
20--
May 1 Balance
GENERAL LEDGER
POST.
REF.
POST.
REF.
✓
DEBIT
DEBIT
ACCOUNT Accounts Payable-Sunshine Suppliers
CREDIT
CREDIT
ACCOUNT NO..
DEBIT
BALANCE
385000
DEBIT
ACCOUNT NO..
BALANCE
52500
CREDIT
101
ACCOUNT NO..
106
CREDIT
207

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gleusercontent.com/viewer/secure/pdf/ki7h0e5ernovil8j8jhia898nvne1h7r/0bntlihe Tutorial 10 Submission date: 18 January 2021 before 12.00pm 1. The following are extract from the cash book and bank statement of Fifi Enterprise. Cash Book (Bank Account only) 2020 RM 2020 Dec RM Dec 1 Balance b/d 3,419 8 Basri 462 7 Farah 101 15 Farid 21 22 Ghaz 44 28 Tengku 209 31 Weiwei 319 31 Siti 246 31 Balance c/d 3,437 4,129 4,129 Bank Statement Debit Date Items Credit Balance Dec 1 Balance b/d 3,419 3,520 3,058 3,037 3,081 3,174 7 Cheque 101 11 Basri 462 20 Farid 21 22 Cheque 31 Credit Transfer: Tina 31 Bank Charges 44 93 47 3,127 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 2020.
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Cash Receipt # 95 Dated April 12, 2022 From WiseGuys, cheque #189 for $1 800 in payment of invoice #285. Sage 50 Journal Entry: 04-12-2022 J9 95, Wise Guys 1080 4100 1200 Bank: CAD Chequing Sales Discounts Accounts Receivable 1,800.00 101.70 1,901.70 Compare the transaction information and the transaction as captured in Sage and state, what was done wrong and how would you correct it?
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Continue using the journal and journalize the following transaction: Mar. 31. Received bank statement showing March bank service charge, $30.00. M45.
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The receipt of money from a bank loan is recorded as a debit to Cash and a credit to Sales.