Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an entry, leave it blank.
Just need help with part B. I'm not seeing a notes receivable and don't know what it needs for cash.
Homework Answers
b) Adjusting entry
| General journal | Debit | Credit |
| Miscellaneous expense | 40 | |
| Cash | 40 | |
| Cash | 5200 | |
| Notes receivable | 5050 | |
| Interest revenue | 150 |
Add Answer to:
Journalize any necessary entries for Lays Company based on the bank reconciliation. If an amount box does not require an...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Lays Company: Balance per bank $ 25,670 Balance per company records 21,410 Bank service charges 120 Deposit in transit 3,780 NSF check 1,390 Outstanding checks 9,550 a. What is the adjusted balance on the bank reconciliation? $ b. Journalize any necessary entries for Lays Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 14,970 Balance per company records Bank service charges 12,480 70 Deposit in transit NSF check Outstanding checks 2,200 810 5,570 a. What is the adjusted balance on the bank reconciliation? $ 11,600 b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Bradford...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 18,050 Balance per company records 9,230 Bank service charges 20 Deposit in transit 2,900 Note collected by bank with $150 interest 4,500 Outstanding checks 7,240 a. What is the adjusted balance on the bank reconciliation? u b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. If an amount box does not require an entry, leave...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 17,150 Balance per company records 9,420 Bank service charges 40 Deposit in transit 3,900 Note collected by bank with $130 interest 5,250 Outstanding checks 6,420 a. What is the adjusted balance on the bank reconciliation? $ b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. If an amount box does not require an entry, leave...
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,...
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, $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, $13,325. 5. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. 6....
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance...
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 33,400 Balance per company records 27,855 Bank service charges 155 Deposit in transit 4,920 NSF check 1,810 Outstanding checks 12,430 a. What is the adjusted balance on the bank reconciliation? $ b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave it blank.
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a...
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,370. During May, the total cash deposited was $72,740 and checks written totaled $67,540. The bank statement indicated a balance of $24,660 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,980. b. A deposit of $8,950, representing receipts of May 31, had been made...
Journalize the transactions and the adjusting entries. If an amount box does not require an entry,...
Journalize the transactions and the adjusting entries. If an
amount box does not require an entry, leave it blank. Do not round
intermediate calculations.
Bank Reconciliation and Entries The cash account for Stone Systems at July 31, 20Y5, indicated a...
Bank Reconciliation and Entries The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $12,800. The bank statement indicated a balance of $15,970 on July 31, 20Y5. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items: Checks outstanding totaled $5,750. A deposit of $5,990, representing receipts of July 31, had been made too late to appear on the bank statement. The bank had collected $3,110 on...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Dotson Company: Balance per bank $ 14,970 Balance per company records Bank service charges 12,480 70 Deposit in transit NSF check Outstanding checks 2,200 810 5,570 a. What is the adjusted balance on the bank reconciliation? $ 11,600 b. Journalize any necessary entries for Dotson Company based on the bank reconciliation. For a compound transaction, if an amount box does not require an entry, leave...
Bank Reconciliation The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 18,050 Balance per company records 9,230 Bank service charges 20 Deposit in transit 2,900 Note collected by bank with $150 interest 4,500 Outstanding checks 7,240 a. What is the adjusted balance on the bank reconciliation? u b. Journalize any necessary entries for Bradford Company based on the bank reconciliation. If an amount box does not require an entry, leave...
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, $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, $13,325. 5. A check for $150 in payment of an account was erroneously recorded in the check register as $1,500. 6....
Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $14,370. During May, the total cash deposited was $72,740 and checks written totaled $67,540. The bank statement indicated a balance of $24,660 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: a. Checks outstanding totaled $10,980. b. A deposit of $8,950, representing receipts of May 31, had been made...
Journalize the transactions and the adjusting entries. If an
amount box does not require an entry, leave it blank. Do not round
intermediate calculations.
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 1 hour ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 2 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 3 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 4 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 4 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 4 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 5 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 5 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 8 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 9 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 9 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 9 hours ago