The following information relates to the bank account of Doug's Sky Diving Supply Store on June...
The following information relates to the bank account of Doug's
Sky Diving Supply Store on June 30.
| Balance per bank statement |
$5,327 |
|
| Balance per books as of June 30 |
9,265 |
|
| Outstanding checks: | ||
| #1007 |
$ 241 |
|
| #1008 |
67 |
|
| #1009 |
597 |
|
| Deposits in transit |
229 |
|
|
4,111 |
||
| Bank service charges |
98 |
|
| NSF check |
412 |
|
| Credit memo for interest earned |
16 |
Error: Check written and recorded by bank as $454 was subtracted
from the checkbook as $445.
The check was used to pay the telephone bill.
Required:
Prepare a bank reconciliation as of June 30.
Homework Answers
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The following information relates to the bank account of Doug's
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How do I create the reconciliation as well as show the check
error for the telephone bill?
17. The following information relates to the bank account of Doug's Sky Diving Supply Store on June 30. $5,327 9,265 Balance per bank statement Balance per books as of June 30 Outstanding checks: #1007 #1008 #1009 Deposits in transit $ 241 67 597 229 4.111 412 Bank service charges NSF check Credit memo for interest earned Error: Check written and recorded by bank...
QUESTION 2 From the following information from the payroll register of Veronica's Auto Supply Store, calculate the amount of taxable earnings for unemployment and FICA tax, and prepare the journal entry to record the employer's payroll taxes as of April 30, 20 - Social Security tax is 6.2% on the first $94,200 of earnings for each employee. Medicare tax is 1.45% of gross earnings. FUTA tax is 0.8% and SUTA tax is 5.4% cach on the first $7,000 of earnings....
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Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 Cash Account $24,485 Bank Statement $20,785 4,500 (420) Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 1,760 (30) (1,350) $24,865 $24,865 When reviewing the bank reconciliation, Zocar's auditor was unable to locate any reference to the NSF check on the bank statement. Furthermore, the clerk who reconciles the bank account and records...
Beckett Co. received its bank statement for the month ending June 30, 2019. and reconciled the statement balance to the June 30, 2019, balance in the Cash account. The reconciled balance was determined to be $6.658. The reconciliation recognized the following items: 1. Deposits in transit were $3,426. 2. Outstanding checks totaled $2.744 3. Bank service charges shown as a deduction on the bank statement were $51. 4. An NSF check from a customer for $664 was included with the...
Help Following is a bank reconciliation for Zocar Enterprises for June 30, 2018 points Cash Bank Account Statement $23,895 $19,905 5,000 (490) 1,340 (20) (800) $24,415 $ 24, 415 Balance as of 6/30/2018 Deposit in transit Outstanding checks Note collected by bank Bank service charge NSF check Adjusted cash balance as of 6/30/2018 eBook References As part of the normal process for handling an NSF check, the accounting clerk has notified the customer that their account did not contain sufficient...
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