Homework Answers
| Adjustment entry for recognizing the NSF check | ||||
| Event | General Journal | Debit | Credit | |
| 1 | Accounts Receivable | $1,350 | ||
| Cash | $1,350 | |||
| (to record NSF check) | ||||
Add Answer to:
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 Cash Account $24,485 Bank...
Following is a bank reconciliation for Zocar Enterprises for June 30, Year 1: Cash Account $23,510...
Following is a bank reconciliation for Zocar Enterprises for June 30, Year 1: Cash Account $23,510 Bank Statenent $20,000 4,725 (520) Balance as of 6/30/Year 1 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSP cheek adjusted cash balance as of 6/30/Year 1 1,660 (15) $24, 205 $24,205 As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient funds to pay...
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. Cash Account Bank Statement...
Following is a bank reconciliation for Zocar Enterprises for June 30, 2018. Cash Account Bank Statement Balance as of 6/30/2018 $ 25,220 $ 21,265 Deposit in transit 4,675 Outstanding checks (400 ) Note collected by bank 1,065 Bank service charge (45 ) NSF check (700 ) Adjusted cash balance as of 6/30/2018 $ 25,540 $ 25,540 As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank Account Statement $23,895 $19,905 5,000 (490) 1,340 (20) (800) $24,415 $ 24, 415 Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 eBook References As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient...
Following is a bank reconciliation for Zocar Enterprises for June 30, Year 2: Cash Account Bank...
Following is a bank reconciliation for Zocar Enterprises for June 30, Year 2: Cash Account Bank Statement Balance as of 6/30/Year 2 $ 23,880 $ 20,185 Deposit in transit 4,425 Outstanding checks (485 ) Note collected by bank 1,335 Bank service charge (40 ) NSF check (1,050 ) Adjusted cash balance as of 6/30/Year 2 $ 24,125 $ 24,125 As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account...
Prepare a bank reconciliation for Diaz's checking account on May 31, 2018 and record the necessary...
Prepare a bank reconciliation for Diaz's checking account on May
31, 2018 and record the necessary cash adjustments in journal seen
in image.
The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2018, to May 31, 2018 Cash Balance Cash Balance - May 31, 2018 May 1, 2018Deposits $5,420 $11,340 $5.380 Date Desc. Date No 5/7 471Legal tees 5/12 472 Property tax 515 473 Salaries...
The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash b...
The following information is available to reconcile Branch
Company’s book balance of cash with its bank statement cash balance
as of July 31, 2017.
On July 31, the company’s Cash account has a $25,752 debit
balance, but its July bank statement shows a $26,965 cash
balance.
Check No. 3031 for $1,070 and Check No. 3040 for $527 were
outstanding on the June 30 bank reconciliation. Check No. 3040 is
listed with the July canceled checks, but Check No. 3031 is...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017. a. On July 31, the company's Cash account has a $24,754 debit balance, but its July bank statement shows a $27,425 cash balance. b. Check No. 3031 for $1,660 and Check No. 3040 for...
Required Information (The following information applies to the questions displayed below.] The cash records and bank...
Required Information (The following information applies to the questions displayed below.] The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2018, to July 31, 2018 Cash Balance Cash Balance July 1, 2018 - Deposits Checks = July 31, 2018 $6.990 $8.330 $8,740 $6,580 Deposits Checks Date Desc. Amount Date No. Desc. Amount 7/9 7/21 7/31 Sales Sales Sales $2.530 3.110 2.690 717 531 7/12 532...
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information...
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,176 debit balance, but its July bank statement shows a $28,240 cash balance. b. Check No. 3031 for $1,790, Check No. 3065 for $671, and...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,868 debit balance, but its July bank statement shows a $28,161 cash balance b. Check No. 3031 for $1,510 and Check No. 3040 for...
Following is a bank reconciliation for Zocar Enterprises for June 30, Year 1: Cash Account $23,510 Bank Statenent $20,000 4,725 (520) Balance as of 6/30/Year 1 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSP cheek adjusted cash balance as of 6/30/Year 1 1,660 (15) $24, 205 $24,205 As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient funds to pay...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank Account Statement $23,895 $19,905 5,000 (490) 1,340 (20) (800) $24,415 $ 24, 415 Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 eBook References As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient...
Prepare a bank reconciliation for Diaz's checking account on May
31, 2018 and record the necessary cash adjustments in journal seen
in image.
The cash records and bank statement for the month of May for Diaz Entertainment are shown below. DIAZ ENTERTAINMENT Cash Account Records May 1, 2018, to May 31, 2018 Cash Balance Cash Balance - May 31, 2018 May 1, 2018Deposits $5,420 $11,340 $5.380 Date Desc. Date No 5/7 471Legal tees 5/12 472 Property tax 515 473 Salaries...
The following information is available to reconcile Branch
Company’s book balance of cash with its bank statement cash balance
as of July 31, 2017.
On July 31, the company’s Cash account has a $25,752 debit
balance, but its July bank statement shows a $26,965 cash
balance.
Check No. 3031 for $1,070 and Check No. 3040 for $527 were
outstanding on the June 30 bank reconciliation. Check No. 3040 is
listed with the July canceled checks, but Check No. 3031 is...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017. a. On July 31, the company's Cash account has a $24,754 debit balance, but its July bank statement shows a $27,425 cash balance. b. Check No. 3031 for $1,660 and Check No. 3040 for...
Required Information (The following information applies to the questions displayed below.] The cash records and bank statement for the month of July for Glover Incorporated are shown below. GLOVER INCORPORATED Cash Account Records July 1, 2018, to July 31, 2018 Cash Balance Cash Balance July 1, 2018 - Deposits Checks = July 31, 2018 $6.990 $8.330 $8,740 $6,580 Deposits Checks Date Desc. Amount Date No. Desc. Amount 7/9 7/21 7/31 Sales Sales Sales $2.530 3.110 2.690 717 531 7/12 532...
Required information Problem 6-4A Preparing a bank reconciliation and recording adjustments LO P3 [The following information applies to the questions displayed below.) The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31. a. On July 31, the company's Cash account has a $25,176 debit balance, but its July bank statement shows a $28,240 cash balance. b. Check No. 3031 for $1,790, Check No. 3065 for $671, and...
Required information Problem 8-4A Preparing a bank reconciliation and recording adjustments LO P3 The following information applies to the questions displayed below] The following information is available to reconcile Branch Company's book balance of cash with its bank statement cash balance as of July 31, 2017 a. On July 31, the company's Cash account has a $25,868 debit balance, but its July bank statement shows a $28,161 cash balance b. Check No. 3031 for $1,510 and Check No. 3040 for...
Most questions answered within 3 hours.
-
I need help convincing my wife that it is within reason I should
expect to spend...
asked 2 minutes ago -
You need to make 100 ml of 2% glucose. To do this, you should
use 4...
asked 5 minutes ago -
(typed answer please)
At combustion temperatures, the equilibrium constant for the
reaction of N2 with O2...
asked 1 minute ago -
A 1.14 MΩ voltmeter is placed in parallel with a 79.0 kΩ
resistor in a circuit....
asked 6 minutes ago -
***CODE MUST BE IN C++***
Using the linked list in "basic linked list" which has a...
asked 10 minutes ago -
A 1.6 mg sample of radioactive Ho-166 has a half-life of 26.8
years. What mass remains...
asked 19 minutes ago -
Write a program in C that meets the following
requirements:
1. Your program will read n...
asked 32 minutes ago -
1. A plant with red flowers is crossed with a white-flowered
plant of the same species....
asked 36 minutes ago -
Need help with 1 and 2.
My brains fried for studying for midterm. It would be...
asked 46 minutes ago -
The P-value for a hypothesis test is given. Determine whether
the strength of the evidence against...
asked 52 minutes ago -
Q 1) what is the Oman vision 2020?
(Most important plan, improvement, diversification)
Q 2) Discuss...
asked 1 hour ago -
Brooklyn has been contributing to a traditional IRA for seven
years (all deductible contributions) and has...
asked 1 hour ago