Write up Mahaboar" THREE column cash book from the transactions below, and balan the cash book appropriately. April 1 Balances brought forward, cash $350, bank overdraft $5 000. April 2 Singh who had an nocount balance of 58 000 paid in full by cheque, aft! deducting 5% cash discount. April 3 Paid rent by cheque $700. April 7 Paid Townsend $970 by cheque, having deducted 3% cash discountApril 10 Received a cheque of $3 000 from a friend as a lean April 15 Paid wages in cash $300. April 16 Transferred $1700 from bank to cash, April 25 Cash sales $450. April 27Cash withdrawn for personal use $150. April 28 Paid in full McBean's outstanding balance of $700 less 5% cash discountCan yall .im doing the cash book.Accounting

Write up Mahaboar" THREE column cash book from the transactions below, and balan the cash book appropriately. April 1 Balances brought forward, cash $350, bank overdraft $5 000. April 2 Singh who had an nocount balance of 58 000 paid in full by cheque, aft! deducting 5% cash discount. April 3 Paid rent by cheque $700. April 7 Paid Townsend $970 by cheque, having deducted 3% cash discountApril 10 Received a cheque of $3 000 from a friend as a lean April 15 Paid wages in cash $300. April 16 Transferred $1700 from bank to cash, April 25 Cash sales $450. April 27Cash withdrawn for personal use $150. April 28 Paid in full McBean's outstanding balance of $700 less 5% cash discountCan yall .im doing the cash book.Accounting

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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Given the following information, determine the adjusted cash balance per books from the following information: a. Balance per books as of June 30, $8,600. b. Outstanding checks, $820. с NSF check returned with bank statement, $130. d. Deposit mailed the afternoon of June 30, $300. e Check printing charges, $30. Interest earned on checking account, $12. Adjusted cash balance per books $
Required information [The following information applies to the questions displayed below.] As of June 30, Year 1, the bank statement showed an ending balance of $19,500. The unadjusted Cash account balance was $15,200. The following information is available: 1. Deposit in transit: $2,400. 2. Credit memo in bank statement for interest earned in June: $30. 3. Outstanding check: $6,690. 4. Debit memo for service charge: $20. b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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The Cash account of Lydia reported a balance of RM2, 540 at December 31, 2018. There were outstanding checks totaling $400 and a December 31 deposit in transit of $100. The bank statement, which came from Park Bank, listed the December 31 balance of RM3, 340. Included in the bank balance was a collection of RM510 on account from Bella, a Lydia customer who pays the bank directly. The bank statement also shows a RM30 service charge and RM20 of interest revenue that Lydia earned on its bank balance. Prepare Lydia's bank reconciliation at December 31.
Adjusted cash balance?
4. Jill Hamlin borrowed $40,000 from the bank on August 16, issuing the bank a 12% note. The entry to record accrued interest on the note on August 31 (15 days later) would include: a . debit Interest Expense for $197.26 b. debit Interest Payable for $197.26 c. credit Interest Expense for $407.67 d. credit Interest Payable for $407.67 d. debit Cash for $18,000
Vinubhai
What the answer for 2 and 4?
29
The bank statement for Jonzac Inc. showed a balance of $900, and the checkbook balance indicated $1,420. The total amount of outstanding cheques is $35. A $5 cheque printing charge and a $50 NSF were reported on the bank statement. There was a $500 deposit in transit. What is the reconciled balance? a. $1,095 b. $1,045 O c. $1,040 d. $1,365 P Type here to search ASUS
The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: QI $ 210 Sales 02 $ 270 Beginning receivables Sales Cash collections Ending receivables Q3 $ 330 a. Accounts receivable at the beginning of the year are $480. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables Q1 210 Q1 04 $480 210 Q2 Q2 270 b. Accounts receivable at the beginning of the year are $480. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. 270 Q3 Q3 330 330 Drair Q4 Q4 480 480 21.10 H