Homework Answers
a.
| Whiteharbor Food Store | ||
| Bank Reconciliation | ||
| April 30,2019 | ||
| Cash balance according to bank statement | 15,200 | |
| Adjustments: | ||
| Deposit in transit | 10,000 | |
| 10,000 | ||
| Outstanding checks: | ||
| 620 | -1,000 | |
| 630 | -3,000 | |
| 641 | -4,500 | |
| -8,500 | ||
| Adjusted balance | $16,700 | |
| Cash balance according to company's record | 17,500 | |
| Adjustments: | ||
| Bank service charges | -25 | |
| NSF Check | -775 | |
| -800 | ||
| Adjusted balance | $16,700 | |
b.
| Transaction | General Journal | Debit | Credit |
| 1 | Miscellaneous expense | $25 | |
| Accounts receivable - Jane Jones | $775 | ||
| Cash | $800 | ||
| ( To record bank services charges and NSF check) |
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to the outstanding checks.
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to the non-interest-bearing note.
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checks of $1,600, a NSF check of $560, bank service charges of $24
and the EFT from a customer in payment of the customer's account of
$1,200.
What journal entry should be recorded by Egrane for the NSF
check returned?
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