Question

i Data Table X filiation follo tional infor Cash Payments Check No. Cash Credit Cash Receipts Date Cash Debit Dec. 4 $ 4.150 500 1416 200 1870 Print | Done Done

Answer 1

Dunlap Insurance Requirement 1 Requirement 2 Bank Reconciliation As at December 31, 2018 Balance as per Bank Statement Add: Deposits in transit Journal Enteries Date Particulars Dec-31 Cash a/c To Rent revenue Dr. 17705 1870 19575 Debit in $ Credit in $ 200 200 1700 Dec-31 Cash a/c Dr. To Note receivable 1700 Less: Outstanding checks: #1420 #1421 #1422 Adjusted bank balance, December 31, 2018 1430 1600 610 3640 1100 Dec-31 Accounts receivable a/c Dr. To Cash 15935 1100 15990 560 Balance as per Cash Book Add: EFT collection of rent Bank collection of note receivable Dec-31 Insurance expense a/c Dr. To Cash 560 200 1700 1900 17890 25 Dec-31 Miscellaneous expense a/c Dr. To Cash (Bank service charge expense) 1100 560 25 Less: NSF check EFT payment of insurance Bank service charge Correction of book error Adjusted bank balance, December 31, 2018 1955 270 15935 Dec-31 Rent expense a/c Dr. To Cash (Correction of error) 1960 - 1690 270