Requirements: 1. Prepare the bank reconciliation statements 2. Adjusting entries C. COMMERCE DANK In the course...
Requirements: 1. Prepare the bank reconciliation statements 2. Adjusting entries NOTE: P is Philippine Peso (Philippine Currency) F. CITIBANK Jetro also maintains a bank account with Citibank. Your review of the bank reconciliation statement disclosed the following information: 1. On December 22, 2018, the bank erroneously credited the account of Jetro Corporation for P 195,000 representing deposit for the account of another company, 2. Postdated checks totaling P 37,900 were included in the deposits in transit. These represent collections of...
Requirements: 1. Prepare the bank reconciliation statements 2. Adjusting entries NOTE: P is Philippine Peso (Philippine Currency) E. JEISHALEIGH Bank (Checking Account) Jetro Corp. carries its checking account with Jeishaleigh Bank. Jetro is ready to prepare its December 31 bank reconciliation and has requested you as auditor to prepare it for them. The following data are available: .. The November 30 bank reconciliation showed the following: (1) cash on hand held back each day by Jetro for change), P 400...
The principal Required Prepare the June bank reconciliation for the Chu Prepare any necessary adjusting entries. SERIAL PROBLEM: KATE'S CARDS estigate the cash han ve stealing funds. "I have no sited receipts amounted to e cashier (who works conciliation doesn't ier told me that these checks Kales Cards (Note: This is a continuation of the Serial Problem: Kate's Cards from Chapters 1 through SP7. On February 15, 2019. Kate Collins, owner of Kate's Cards, asks you to investigate dling activities...
The principal Required Prepare the June bank reconciliation for the Chu Prepare any necessary adjusting entries. SERIAL PROBLEM: KATE'S CARDS estigate the cash han ve stealing funds. "I have no sited receipts amounted to e cashier (who works conciliation doesn't ier told me that these checks Kales Cards (Note: This is a continuation of the Serial Problem: Kate's Cards from Chapters 1 through SP7. On February 15, 2019. Kate Collins, owner of Kate's Cards, asks you to investigate dling activities...
Regwired . Prepare the June bank reconciliation b. Prepare any necessary adjusting entries. Is from Chapters I through 6.) SERIAL PROBLEM: KATE'S CARDS i to investigate the cash (Note: This is a continuation of the Serial Problem: Kate's Cards from Chapters / thre EYE aling funds. "have eceipts am ne cashier (who works SP7. Rates Cards bank reconciliation does Id me that these checo On February 15, 2019. Kate Collins, owner of Kate's Cards, asks you to in dling activities...
please help prepare the journal entries after the bank reconciliation and adjusting entries are made 3. Using the following information, prepare a bank reconciliation for Candace Co. for May 31: (a) The bank statement balance is $2,936. (b) The cash account balance is $3,194. (c) Outstanding checks amounted to $465. (d) Deposits in transit are $655. (e) The bank service charge is $50. (f) A check for $97 for supplies was recorded as $79 in the ledger. Prepare the bank...
blem 3. Bank Reconciliation and Journal Entries. 30 points (20 points for bank Pro reconciliation; 10 points for related journal entry). Required: Prepare a bank reconciiation as a result of as of S eptember 30. Prepare any necessary adjusting journal entries necessary the bank reconciliation. Brown Company's bank statement for September 30 showed a cash balance of $1,350. The company's Cash account in its general ledger showed a $995 debit balance. The following information was also available as of September...
Prepare any adjusting entries necessary as a result of the bank reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not indent many Date Account Titles and Explanation Debit Credit Nov. 30 (To correct error in recording) (To record collection of note receivable and interest by the bank) (To record check printing charges) The Oriole Boat Company's bank statement for the month of November showed a balance per bank of $8.600. The company's Cash account in...
Part 1 As the controller of Lynbrook, Inc. you are responsible for preparing the monthly bank reconciliation. Using the information below, prepare the bank reconciliation for January 31, 2020. 1. The ledger account for Cash showed a balance at January 31 of $127,500. 2. The January bank statement showed a closing balance of $108.750. 3. The cash received on January 31 amounted to $28,000. It was left at the bank in the night depository chute after banking hours on January...
Prepare bank reconciliation and adjusting entries. (LO 3), AP Perth Inc.'s bank statement from Main Street Bank at August 31, 2017, gives the following information. Balance, August 1 $18,400 Bank debit memorandum: August deposits 71,000 Safety deposit box fee $ 25 Checks cleared in August 68,678 Service charge 50 Bank credit memorandum: Balance, August 31 20,692 Interest earned 45 A summary of the Cash account in the ledger for August shows the following: balance, August...