Sep 22,2019 | Robert Savage, Drawing | 290.00 | |
Cash | 290.00 | ||
Sep 22,2019 | Cash | 9400.00 | |
Accounts Receivable, Edwards UK | 9400.00 | ||
Sep 23,2019 | Utilities expense | 41.05 | |
Cash | 41.05 | ||
Sep 24,2019 | Notes/Loans payable | 4000.00 | |
Cash | 4000.00 |
After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank...
After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The activity for the last three days follows. Additions $ 2,449.60 Business Checking Date Type 09/24/2019 Loan Payment 09/24/2019 Deposit 09/23/2019 Check 09/23/2019 Bill Payment 09/22/2019 Check 09/22/2019 Check 09/22/2019 ACH Credit 09/22/2019 ATH Account 0123456-987 Description Online Transfer to CM XOOK DEPOSIT ID NUMBER 8888 CHECK 81554 (view) Online Payment CHECK 1553 (view) CHECK W1551 (view)...
Your roommate, Akira, is embarrassed. She has never before had a checking account, but she finally opened one last month. She's standing in the doorway of the kitchen with her check register in one hand and her recently arrived bank statement in the other. Admitting that she doesn't know what to do next, she's asked for your help in learning how to reconcile, or balance, her checkbook. Being both a good friend and a student of personal finance, you've agreed...
Question 2 Bank reconciliations and cash It is now January 2020, and Harry Smith has come to you for some assistance as he is having trouble reconciling the bank account as at 31 December 2019.The December 2019 bank statement appeared as follows: Bank statement for December 2019: Date Description Deposit Withdrawal Balance 1/12/2019 Opening balance $14,550.00 1/12/2019 Loan application fee 300.00 $14,250.00 2/12/2019 EFT - Harry Smith Drawings 1,000.00 $13,250.00 5/12/2019 Deposit 1,650.00 $14,900.00 5/12/2019 Cheque 43 440.00 $14,460.00 11/12/2019...
Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits only once per week. The following provides information from the company’s cash ledger for the month ending February 28, 2018. Information from February's bank statement and company records reveals the following additional information: a. The ending cash balance recorded in the bank statement is $13,145. b. Cash receipts of $1,600 from 2/26-2/28 are outstanding. c. Checks 325 and 327...
Requirement 1. Prepare the bank reconciliation of Byfield Associates at February 28,2019. Prepare the bank portion of the bank reconciliation, followed by the book portion of the bank reconciliation. Additional data: Byfield deposits all cash receipts in the bank and makes all payments by check The Cash account of Byfield Associates at February 28, 2019, follows: (Click the icon to view the Cash account.) Byfield Associates received the following bank statement on February 28, 2019 (Click the icon to view...
Additional data Beverly deposits all cash receipts in the bank and makes all payment The Cash account of Beverly Associates at February 28, 2019. foliows: Click the icon to view the Cash account) Beverly Associates received the following bank statement on February 28, 2019 Click the icon to view the February bank statement) Read the requirements Requirement 1. Prepare the bank reconciliation of Beverly Associates February 28, 2019 Prepare the bank portion of the reconciliation, followed by the book portion...
Madison Company's cash ledger reports the following for the month ending March 31. Deposits: Date 3/4 3/11 3/18 3/25 3/26- 3/31 Amount $ 1,800 1,700 4,000 3,100 2,700 No. Checks: 541 542 543 544 Date 3/2 3/8 3/12 3/19 3/27 Amount $ 5,900 500 2,200 1,900 800 Cash receipts: 545 $ 13,300 600 546 547 3/28 3/30 1,700 $13,600 Balance on March 1 Receipts Disbursements Balance on March 31 $ 5,700 13,300 (13,600) $ 5,400 Information from March's bank statement...
Madison Company's cash ledger reports the following for the month ending March 31 Deposits: Anunt $ 1,700 2,000 Date 3/4 3/11 3/11 3/25 3/26-3/31 No Checkst 561 502 543 544 545 Date 3/2 3/8 3/12 3/19 3/27 3/28 3/30 3,400 2,500 $ 13,400 Amount $ 5,480 900 2.700 1.680 300 600 1.50 $13,000 Cash receipts SE Balance on March 1 Receipts Disbursements Balance on March 31 $ 5,900 13,400 (13,000) 56,300 Information from March's bank statement and company records reveals...
Required information Problem 4-2A Prepare the bank reconciliation and record cash adjustments (L04-5) The following information applies to the questions displayed below Oscar's Red Carpet Store maintains a checking account with Academy Bank Oscar's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28, 2021 Date Amount So. Date Mount Deposits 2/4 $ 2,700 Checks: 321 2/2 $4,700 2/11 2.300 322 2/8 2/18...
125% ICategory Table Chart Тех Zoom Insert View Bank Reconciliation Bank Statement 2 Check Register 2 Check Register Account Number: Date: 12345-678-912-3 Statement Statement Account name: The Rose and Flower 30 April 2019 Number: OPENING BALANCE $0.00 DATE CODE TRANSACTION DETAILS OTHER PARTY MONEY OUT MONEY IN BALANCE 1 Apr DC From 12345-678-912-2 AMB Internal Transfer 500.00 500.00 1 Apr BI AMB ****2049 Loan Drawdown 1,500.00 2,000.00 1 Apr 0001 Ch 0001 125.00 1,875.00 To 54321-987-654-0 2 Apr BP Mr...