Homework Answers
| ans 1 | |||
| Bank Reconciliation as on March 31 | |||
| Balance as per bank | $70,005 | ||
| Additions: Deposit in Transit | $4,700 | ||
| Error made by bank | 348 | ||
| 5048 | |||
| Deductions | $75,053 | ||
| Outstanding ckecks | |||
| Check 3782 | 2200 | ||
| Check 3840 | 251 | 2451 | |
| Adjusted Bank Balance | $72,602.00 | ||
| Company's Book | |||
| Book balance | 71487 | ||
| Add | |||
| Proceeds of note receivable | 7300 | ||
| 7300 | |||
| 78787 | |||
| Deductions | |||
| Miscelleneous expenses | 40 | ||
| NSF | 6145 | 6185 | |
| Adjusted Book balance | 72602 | ||
| ans 2 | |||
| Trans | Accounts Tilte | Dr | Cr |
| 31-Mar | |||
| a | Cash | $7,300 | |
| Notes Receivable | $7,300 | ||
| b | Accounts receivable | $6,145 | |
| Cash | $6,145 | ||
| c | Miscelleneous expenses | 40 | |
| Cash | 40 |
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licet @ @ @ @ o Record the bank collection fee. Note: Enter debits before credits....
Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31,...
Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31, 2019 Record entry Clear entry View general journal Teng Corporation received a bank statement showing a balance of $15,700 as of October 31, 2019. The firm's records showed a book balance of $15,262 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Richard Wolf for $332 2. Three outstanding...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of...
Di Stefano Office Supply Company received a bank statement
showing a balance of $67,605 as of March 31, 2019. The firm’s
records showed a book balance of $69,439 on March 31. The
difference between the two balances was caused by the following
items.
A debit memorandum for $42, which covers the bank’s collection
fee for the note (item 6).
A deposit in transit of $3,300.
A check for $240 issued by another firm that was mistakenly
charged to Di Stefano’s...
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,800....
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,800. The balance in the firm's checkbook and Cash account on the same date was $10,370. The difference between the two balances is caused by the items listed below. a. A $2,925 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $510 issued on March 29 and Check 359 for $1,700 issued on March 30 have not yet...
Help Save & Exit On March 31, 2019, Home Decorating Pavilion received a bank statement showing...
Help Save & Exit On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,840. The balance in the firm's checkbook and Cash account on the same date was $10.745. The difference between the two balances is caused by the items listed below. a. A $3.260 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $560 issued on March 29 and Check 359 for $1.480 issued on March...
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of...
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of March 31, 2019. The firm's record showed a book balance of $69,445 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $43, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,350. 3. A check for $241 issued by another firm that was mistakenly charged...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The f...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The firm's records showed a book balance of $69.439 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $42, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,300. 3. A check for $240 issued by another firm that was mistakenly charged...
Serial Problem Business Solutions LO P3 Santana Rey receives the March bank statement for Business Solutions on April 1...
Serial Problem Business Solutions LO P3 Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $67,066. The general ledger Cash account, No. 101, shows an ending cash balance per books of $67,499 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following a. The bank erroneously cleared a $440...
On August 31, 2019, the balance in the checkbook and the Cash account of the Dry...
On August 31, 2019, the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $12,246. The balance shown on the bank statement on the same date was $13,177. Notes a. The firm's records indicate that a $1,410 deposit dated August 30 and a $697 deposit dated August 31 do not appear on the bank statement. b. A service charge of $9 and a debit memorandum of $300 covering an NSF check have not...
Journal entry worksheet < 1 2 Record the amounts that decrease cash. Note: Enter debits before...
Journal entry worksheet < 1 2 Record the amounts that decrease cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 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, 2021, to July 31, 2021 Cash Balance + July 31, 2021 $6,650 Cash Balance July 1, Cash 2021 Receipts $6,950 $8,300 Cash...
Journal entry worksheet 4 rescoronhe avment ofro ipe in the restrooms. Note: Enter debits before credits....
Journal entry worksheet 4 rescoronhe avment ofro ipe in the restrooms. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet 4 Record the payment of $3,300 for the June electricity bill Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 4 Record the receipt of July electricity bill for $4,000 which will be paid in August. Note:...
Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31, 2019 Record entry Clear entry View general journal Teng Corporation received a bank statement showing a balance of $15,700 as of October 31, 2019. The firm's records showed a book balance of $15,262 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Richard Wolf for $332 2. Three outstanding...
Di Stefano Office Supply Company received a bank statement
showing a balance of $67,605 as of March 31, 2019. The firm’s
records showed a book balance of $69,439 on March 31. The
difference between the two balances was caused by the following
items.
A debit memorandum for $42, which covers the bank’s collection
fee for the note (item 6).
A deposit in transit of $3,300.
A check for $240 issued by another firm that was mistakenly
charged to Di Stefano’s...
On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,800. The balance in the firm's checkbook and Cash account on the same date was $10,370. The difference between the two balances is caused by the items listed below. a. A $2,925 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $510 issued on March 29 and Check 359 for $1,700 issued on March 30 have not yet...
Help Save & Exit On March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,840. The balance in the firm's checkbook and Cash account on the same date was $10.745. The difference between the two balances is caused by the items listed below. a. A $3.260 deposit made on March 30 does not appear on the bank statement. b. Check 358 for $560 issued on March 29 and Check 359 for $1.480 issued on March...
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of March 31, 2019. The firm's record showed a book balance of $69,445 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $43, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,350. 3. A check for $241 issued by another firm that was mistakenly charged...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The firm's records showed a book balance of $69.439 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $42, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,300. 3. A check for $240 issued by another firm that was mistakenly charged...
Serial Problem Business Solutions LO P3 Santana Rey receives the March bank statement for Business Solutions on April 11, 2020. The March 31 bank statement shows an ending cash balance of $67,066. The general ledger Cash account, No. 101, shows an ending cash balance per books of $67,499 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, No. 101, reveals the following a. The bank erroneously cleared a $440...
On August 31, 2019, the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $12,246. The balance shown on the bank statement on the same date was $13,177. Notes a. The firm's records indicate that a $1,410 deposit dated August 30 and a $697 deposit dated August 31 do not appear on the bank statement. b. A service charge of $9 and a debit memorandum of $300 covering an NSF check have not...
Journal entry worksheet < 1 2 Record the amounts that decrease cash. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 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, 2021, to July 31, 2021 Cash Balance + July 31, 2021 $6,650 Cash Balance July 1, Cash 2021 Receipts $6,950 $8,300 Cash...
Journal entry worksheet 4 rescoronhe avment ofro ipe in the restrooms. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Journal entry worksheet 4 Record the payment of $3,300 for the June electricity bill Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 4 Record the receipt of July electricity bill for $4,000 which will be paid in August. Note:...
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