Question

Answer question B only!. I add the other picture for you to make reference to. thanks alot

Problem 7-05A a-b (Part Level Submission) (Video) The bank portion of the bank reconciliation for Cullumber Company at October 31, 2020, is shown below. Cullumber Company Bank Reconciliation October 31, 2020 Cash balance per bank Add: Deposits in transit $12,167.90 1,330.20 13,498.10 Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount $ 1,060.40 484.20 644.50 226.80 1,050.00 3,465.90 $10,032.20 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits. Bank Statement Checks and Debits Deposits and Credits Date Number Amount Date Amount 11-1 2470 $ 484.20 11-1 $ 1,330.20 11-2 644.50 11-4 1,111.60 11-5 2474 1,050.00 11-8 890.10 11-4 2475 1,540.70 11-13 2,475.00 11-8 2476 2,730.00 11-18 1,372.70 2471

Answer 1

Journal Entries Date Account Title and Explaination Debit Credit Post. Ref. 2,192.00 Aug.31 Cash Accounts Receivable (To record collection of receivables by EFT) 2,192.00 65.00 Aug.31 Bank Charges Cash (To record Checks printing charges) 65.00 45.00 Aug 31 Accounts Payable Cash (To record correcting entry for error in recording checks) $ 45.00 9.00 Aug 31 Accounts Receivable Cash |(To record correcting entry for error in deposits) 9.00