Homework Answers
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1. Debit to Accounts Receivable Credit to Cash |
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2. Option D Credit memorandum received by bank on behalf of the firm is added to the firm's account balance |
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the entry in a firm’s accounting records for a credit
customer’s check that was returned by...
Prepare any adjusting entries necessary as a result of the bank reconciliation. (Credit account titles are...
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...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The f...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The firm's records showed a book balance of $69.439 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $42, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,300. 3. A check for $240 issued by another firm that was mistakenly charged...
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of...
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of March 31, 2019. The firm's record showed a book balance of $69,445 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $43, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,350. 3. A check for $241 issued by another firm that was mistakenly charged...
The following information is available for the Topper Company for the month of July a. On...
The following information is available for the Topper Company for the month of July a. On July 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $15,244 b. The company's bank statement shows a balance on July of $16,450. c. Outstanding checks at July total $2,063. d. A credit memo included with the bank statement indicates that the bank collected $570 on a note receivable for Topper. The $570 includes $550...
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's...
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010 debit balance. The following information was also available as of September 30. • The bank deducted $130 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,260, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30...
Accounting (ans fast plz) Question Two The following information is available for the Marwan Company for...
Accounting (ans fast plz)
Question Two The following information is available for the Marwan Company for the month of March 2018 a. On March 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $70,400 b. The company's bank statement shows a balance on March 3lof $74,554 e. Outstanding checks at March 31 include check no. 130 in the amount of $2.,968 and check no. 135 in the amount of $2.940 d....
Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31,...
Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31, 2019 Record entry Clear entry View general journal Teng Corporation received a bank statement showing a balance of $15,700 as of October 31, 2019. The firm's records showed a book balance of $15,262 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Richard Wolf for $332 2. Three outstanding...
Ivan Enterprise's bank statement for the month of May showed a balance per bank of $3,025....
Ivan Enterprise's bank statement for the month of May showed a balance per bank of $3,025. The company's Cash account in the general ledger had a balance of $2,220 at May 31. Other information is as follows: (1) Cash receipts for the last week of May recorded on the company's books were $2,200 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $40 for check printing charges. (3) Check No....
Need help in bank reconciliation and general journal. McDermott Company's bank statement for September 30 showed...
Need help in bank reconciliation and general journal.
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,420. The company's Cash account in its general ledger showed a $1,070 debit balance. The following information was also available as of September 30. • The bank deducted $150 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,300, were placed in the bank's night depository after banking hours on that...
QUESTION-2: The following information is available to reconcile Jawahar Cois tion is available to reconcile Jawahar...
QUESTION-2: The following information is available to reconcile Jawahar Cois tion is available to reconcile Jawahar Co.'s book balance of cash with its statement cash balance as of August 30. The August 30 cash balance according to the accounting records is $71,500, and the bank cords is $71.500, and the bank statement cash balance for that date is $76,500. a. The bank mistakenly cleared a $480 check against the account in August that was not issued by Jawahar. The check...
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...
Di Stefano Office Supply Company received a bank statement showing a balance of $67,605 as of March 31, 2019. The firm's records showed a book balance of $69.439 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $42, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,300. 3. A check for $240 issued by another firm that was mistakenly charged...
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of March 31, 2019. The firm's record showed a book balance of $69,445 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $43, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,350. 3. A check for $241 issued by another firm that was mistakenly charged...
The following information is available for the Topper Company for the month of July a. On July 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $15,244 b. The company's bank statement shows a balance on July of $16,450. c. Outstanding checks at July total $2,063. d. A credit memo included with the bank statement indicates that the bank collected $570 on a note receivable for Topper. The $570 includes $550...
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,364. The company's Cash account in its general ledger showed a $1,010 debit balance. The following information was also available as of September 30. • The bank deducted $130 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,260, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the September 30...
Accounting (ans fast plz)
Question Two The following information is available for the Marwan Company for the month of March 2018 a. On March 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $70,400 b. The company's bank statement shows a balance on March 3lof $74,554 e. Outstanding checks at March 31 include check no. 130 in the amount of $2.,968 and check no. 135 in the amount of $2.940 d....
Record the returned check. Note: Enter debits before credits. General Journal Debit Credit Date Oct 31, 2019 Record entry Clear entry View general journal Teng Corporation received a bank statement showing a balance of $15,700 as of October 31, 2019. The firm's records showed a book balance of $15,262 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Richard Wolf for $332 2. Three outstanding...
Need help in bank reconciliation and general journal.
McDermott Company's bank statement for September 30 showed an ending cash balance of $1,420. The company's Cash account in its general ledger showed a $1,070 debit balance. The following information was also available as of September 30. • The bank deducted $150 for an NSF check from a customer deposited on September 15. • The September 30 cash receipts, $1,300, were placed in the bank's night depository after banking hours on that...
QUESTION-2: The following information is available to reconcile Jawahar Cois tion is available to reconcile Jawahar Co.'s book balance of cash with its statement cash balance as of August 30. The August 30 cash balance according to the accounting records is $71,500, and the bank cords is $71.500, and the bank statement cash balance for that date is $76,500. a. The bank mistakenly cleared a $480 check against the account in August that was not issued by Jawahar. The check...
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