Question

8 of 9 (9 complete) HW Score: 85 </static) Ques Her skating center, Skatetown USA. He has just received the company's monthly bank statement at March 31 from Ringloy National B the bank statement information.) Click the icon to view the bank reconciliation.) i Requirement Accounts 1. Use the bank reconciliation provided to make the journal entries that Patrick should record on March 31 to update his Cash account. Include an explanation for each entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Rent Revenue T collection of rent Print Done list or enter any number in the input fields and then click Check Answer. Clear All Check Answer ER Tullio Pillol 5 FIGHLIKAN

Answer 1

Solution:

Date	Accounts and Explanations	Debit $	Credit $
31 Mar. 31 Mar. 31 Mar. 31 Mar. 31 Mar.	Cash        To Rent Revenue (Rent collected through EFT, not included in cash records) Service Charges         To Cash (Service charges charged by bank not deducted from cash book) Accounts Receivable         To Cash (NSF checks included in cash book, now excluded) Bank Charges         To cash (Checks printing charges not deducted from cash book) Salary Expense        To cash (Salary of a part-time employee recorded as $21 instead of $210)	315 10 100 11 189	315 10 100 11 189
Note: NSF (Non-Sufficient Funds) checks are those checks which are not honored by bank because of insufficient balance in the bank account.