Homework Answers
1)
| Bank | ||
| Balance ,October 31,2018 | 905 | |
| Add:Deposit in transit | 1750 | |
| 2655 | ||
| Less:Outstanding checks | -455 | |
| Adjusted Bank Balance ,October 31 ,2018 | 2200 | |
| Books | ||
| Balance ,October 31,2018 | 2122 | |
| Add:EFT collection of rent | 405 | |
| 2527 | ||
| Less:service charge | 5 | |
| NSF returned | 85 | |
| Cost of printed checks | 30 | |
| correction of book error[230-23] | 207 | (327) |
| Adjusted book Balance ,October 31,2018 | 2200 |
2)
| Date | Account title | Debit | credit |
| a | cash | 405 | |
| Rent revenue | 405 | ||
| b | Bank service charges (5+30) | 35 | |
| cash | 35 | ||
| c | Accounts receivable | 85 | |
| cash | 85 | ||
| d | Salary expense | 207 | |
| cash | 207 |
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