Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...

Question

Question

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Desig

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

TRANSACTION	DATE	GENERAL JOURNAL	DEBIT	CREDIT
a	20Y6,Aug 31	Cash	$1,350
		Accounts Payable		$1,350
		(Being Increase in cash transaction recorded)

b	20Y6,Aug 31	Miscellaneous Expenses{Service Charges}	$35
		Cash		$35
		(Being Decrease in Cash Transaction Recorded)

NOTE:

Accounts Payable - $1,500 - $150 = $1,350

hope you got the answer, please comment for any clarification

Thankyou and all the best for future

PLEASE UPVOTE...

Add a comment

Answer 2

Similar Homework Help Questions

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. Checks outstanding, $25,390. Deposit in transit not recorded by bank, $13,325. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. Bank debit memo for service charges,...
Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...

Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company’s records at August 31, $42,920. Cash balance according to the bank statement at August 31, $56,300. Checks outstanding, $25,390. Deposit in transit not recorded by bank, $13,325. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. Bank debit memo for service charges, $35. a....
bank reconciliation the following dada were accumulated for use in reconciliation gonna in the bank account...

bank reconciliation the following dada were accumulated for use in reconciliation gonna in the bank account of Creative Design Co. for August 20Y6 Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $42,920. 2. Cash balance according to the bank statement at August 31, $56,300. 3. Checks outstanding, $25,390. 4. Deposit in transit not recorded by bank,...

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $19,150. Cash balance according to the bank statement at August 31, $19,980. Checks outstanding, $3,890. Deposit in transit not recorded by bank, $3,120. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges,...
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $15,440. 2. Cash balance according to the bank statement at August 31, $16,360. 3. Checks outstanding, $3,130. 4. Deposit in transit not recorded by bank, $2,520. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6....
Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $25,600. 2. Cash balance according to the bank statement at August 31, $27,040. 3. Checks outstanding, $5,200. 4. Deposit in transit not recorded by bank, $4,170. 5. A check for $270 in payment of an account was erroneously recorded in the check register as $720. 6....

Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...

Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash balance according to the company's records at August 31, $20,870. 2. Cash balance according to the bank statement at August 31, $37,600. 3. Checks outstanding, $23,375 4. Deposit in transit not recorded by bank, $7,500 5. A check for $100 in payment of an account was erroneously recorded in the check register as $1,000. 6. Bank debit...
The following data were accumulated for use in reconciling the bank account of Creative Design Co....

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $20,320. Cash balance according to the bank statement at August 31, $21,160. Checks outstanding, $4,120. Deposit in transit, not recorded by bank, $3,310. A check for $340 in payment of an account was erroneously recorded in the check register as $430. Bank debit memo for service charges, $60. a. Prepare a...
The following data were accumulated for use in reconciling the bank account of Creative Design Co....

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Cash balance according to the company's records at August 31, $22,350. Cash balance according to the bank statement at August 31, $23,570. Checks outstanding, $4,540. Deposit in transit, not recorded by bank, $3,640. A check for $590 in payment of an account was erroneously recorded in the check register as $950. Bank debit memo for service charges, $40. a. Prepare a...

Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative...

Bank Reconciliation The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 2016: 1. Cash balance according to the company's records at August 31, $22,700. 2. Cash balance according to the bank statement at August 31, $23,920. 3. Checks outstanding, $4,610. 4. Deposit in transit, not recorded by bank, $3,700. 5. A check for $480 in payment of an account was erroneously recorded in the check register as $840. 6. Bank debit...

Entries for Bank Reconciliation The following data were accumulated for use in reconciling the bank account...

Homework Answers