Question

now record the single entry needed to show the decrease in cash as a result of the bank reconciliation.

chart of accounts

y lecorO he adustment for the additions to Cash as a result of the bank reconciliation Date Accounts Debit Credit (z) Cash 1,200 Interest Revenue 1,200 Now record the single entry needed to show the decrease in Cash as a result of the bank reconciliation Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer Clear All 21 remaining parts ■ All Around Appliance-Manele Bay has just purchased a franchise from All Around Appliance (AAA) (Click the icon to view the additional information) Following is the chart of accounts for All Around Appliance Manele Bay. As a new business, all beginning balances are $O (Click the icon to view the chart of accounts) All Around Appliance-Manele Bay completed the follow 2018, its first year of operations (Click the icon to view the transactions.) Bank Reconciliation December 31, 2018 NK BOOKS Balance, Dec. 31, 2018 s 599,990 Balance, Dec. 31, 2018 S 649,818 ADD ADD Deposit in transit 214,000 Interest Revenue 1,200 813,990 651,018 LESS LESS Service charge 2,200 Ou (w) r (x) for ov 2.330 S 152 5,000 130 EFT payment to ank Checks 150.150 165.302 648,688 S 648,688 Adjusted b 31, 2018 Adjusted book balance, Dec. 31, 201 any number in the input fields and then click Check Answer. 21 pa Chec Clear All Unit 3 Project (Instructor may require this to be 1 of 1 (1 complete) HW Score:: il More Info All Around Appliance-Manele Bay Chart of Accounts Cash Petty Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Office Supplies Prepaid Insurance Interest Receivable Notes Receivable Badden, Capital Badden, Withdrawals Sales Revenue Interest Revenue Cost of Goods Sold Franchise Fee Expense Salaries Expense Utilities Expense Insurance Expense Supplies Expense Bad Debt Expense Bank Expense Credit Card Expense ed Land Building Accumulated Depreciation-Building Store Fixtures Accumulated Depreciation-Store Fixtures Depreciation Expense Building Offico Eauinmont Donraciation Evnonso -Storo Eivt Print Done Check Ar Clear A 1 of 1 (1 complete) ▼ HW Sco 6 More Info Allowance for Bad Debts Merchandise Inventory Office Supplies Prepaid Insurance Interest Receivable Notes Receivable Land Building Accumulated Depreciation-Building Store Fixtures Accumulated Depreciation-Store Fixtures Depreciation Expense-Building Office Equipment Accumulated Depreciation-Office Equipment Depreciation Expense-Office Equipment Interest Revenue Cost of Goods Sold Franchise Fee Expense Salaries Expense Utilities Expense Insurance Expense Supplies Expense Bad Debt Expense Bank Expense Credit Card Expense Depreciation Expense-Store Fixtures Franchise Accounts Payable Interest Payable Notes Payable Amortization Expense-Franchise Interest Expense Cash Short and Over Print Done Check Clear All 1 of 1 (1 complete) HW Sc i More Info a. Received $550,000 cash from owner, D. Badden, in exchange for capital. Opened a new checking account at Manele Bay National Bank and deposited the cash received from the b. Paid $47,000 cash for a AAA franchise c. Paid $185,000 cash and issued a $200,000, 10-year, 10% notes payable for land with an existing building. The assets had the following market values: Land, $60,000, Building, $325,000 d. Paid $60,000 for store fixtures e. Paid $60,000 for office equipment. f. Paid $1,500 for office supplies g. Paid $3,800 for a two-year insurance policy h. Purchased appliances from AAA (merchandise inventory) on account for $440,000 i. Established a petty cash fund for $280 . Sold appliances on account to ABC Contractors for $245,000 terms n/30 (cost, $98,000) k. Sold appliances to Garris Contracting for $200,000 (cost, $85,000), receiving a 6-month, 14% note L Recorded credit card sales of S90,000 (cost, S39000), net of processor fee of 2% m. Received payment in full from ABC Contractors. n. Purchased appliances from AAA on account for $630,000. o. Made payment on account to AAA, $280,000 p. Sold appliances for cash to CB Home Builders for $340,000 (cost, $171,000) q. Received payment in full on the maturity date from Garris Contracting for the note. Print Done Clear All Chec nit 3 Project (Instructor may require this t 1 of 1 (1 complete) Hw s More Info chandise inventory) on account for $440,000 h. Purchased appliances from AAA (mer i. Established a petty cash fund for $280. j. Sold appliances on account to ABC Contractors for $245,000, terms n/30 (cost, $98,000) k. Sold appliances to Garris Contracting for $200,000 (cost, $85,000), receiving a 6-month, 14% note. l. Recorded credit card sales of S90,000 (cost, $39,000), net of processor fee of 2% m. Received payment in full from ABC Contractors n. Purchased appliances from AAA on account for $630,000 o. Made payment on account to AAA, $280,000 p. Sold appliances for cash to CB Home Builders for $340,000 (cost, $171,000) q. Received payment in full on the maturity date from Garris Contracting for the note r. Sold appliances to Jeard Contracting for $230,000 (cost, $116,000), receiving a 9-month, 14% note. s. Made payment on account to AAA, $550,000 t. Sold appliances on account to various businesses for $1,040,000, terms n/30 (cost $416,000) u. Collected $710,000 cash on account v. Paid cash for expenses: Salaries, $130,000, Utilities, $14,500 W. Replenished the petty cash fund when the fund had $128 in cash and petty cash tickets for $143 for office supplies Badden withdrew $15,000 Paid the franchise fee to AAA of 7% of total sales of $2,145,000 x. y, Print Done Clear All

Answer 1

	Particulars	Debit	Credit
z)	Bank expense	2330
	Cash		2330