a. The bank statement balance is $9,100. b. The cash account balance is $7,412 c. Outstanding...
a. The bank statement balance is $9,100.
b. The cash account balance is $7,412
c. Outstanding cheques totalled $1,600.
d. Outstanding deposit $300.
e. The bank service charge is $12.
f. Collection of a note receivable by bank, $400.
1. Journal entries:
Accounts Dr ($) Cr ($)
Homework Answers
Journal
|
Date |
Account Title and Explanation |
Debit |
Credit |
| a | No journal entry required | ||
| b | No journal entry required | ||
| c | No journal entry required | ||
| d | No journal entry required | ||
| e | Bank service charge | 12 | |
| Cash | 12 | ||
| (To record bank service charge) | |||
| f | Cash | 400 | |
| Note receivable | 400 | ||
| (To record note receivable collected by bank) |
Add Answer to:
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