Question

please help me this assignment

On may 2, 2010, Vacation Paradise received its April bank statement from First City Bank. Enclosed with the bank State which appears below, was a debit memo for $160 that covered a NSF check issued by Doris Fisher, a credite firm's checkbook contained the following information about deposits made and checks issued during Aprilg amer The balance of Cash account and the Checkbook on April 30, 2010, was $3810. J. The cash L O The $175 EFT is a direct deposit by Jerry Burns for Service Fees charged by Vacation Paradise. Prepare the Bank Reconciliation and journalize all entries required in good form with explanations. First City Bank 30-Apr-10 CHECKS 1207 1208 1209 DEPOSITS DATE 4/1/2010 350.00 4/15/2010 150.00 4/19/2010 150.00 4/23/2010 1210 BALANCE 6,089.00 6,339.00 6,189.00 6,064.00 4,064.00 4,054.00 4,004.00 3,995.00 3,970.00 3,810.00 3,810.00 100.00 300.00 275.00 2,000.00 10.00 50.00 9.00 200.00 160.00 3,104.00 SC 1211 1213 175.00 4/30/2010 DM 825.00 OM-DEBIT MEMO, SC-SERVICE CHARGE, EFT - ELECTRONIC FUND TRANSFER The $175 EFT is a direct deposit by Jerry Burns for Service Fees due Vacation Paradise CASH Debit Account # 101 Credit Check # 1207 1208 100.00 300.00 350.00 1209 1210 Date 4/1/2010 4/1/2010 4/1/2010 4/5/2010 4/5/2010 4/10/2010 4/17/2010 4/19/2010 4/22/2010 4/23/2010 4/26/2010 4/28/2010 4/30/2010 4/30/2010 275.00 2,000.00 50.00 1211 Balance 6,089.00 5,989.00 5,689.00 6,039.00 5,764.00 3,764.00 3,714.00 3,864.00 3,855.00 4,005.00 3,805.00 3,756.00 3,732.00 3,992.00 150.00 1212 9.00 150.00 1213 1214 1215 200.00 49.00 24.00 260.00

Answer 1

Vacation Paradise Journal Entry Bank Reconciliation Statement Particulars Debit in $ Credit in $ Date As at 31.5.2010 31.5.2010 Bank fee expense a/c Balance as per Bank Book 3810 Balance as per Cash Book 3992 Dr. 10 Add: Add: To Cash 10 Deposit in Transit (Bank charges paid) 260 EFT 175 260 175 31.5.2010 Accounts Receivable a/c Dr 4070 4167 160 Deductions: Deductions: To Cash 160 cheque 1214 Cheque 1215 Bank Service Charge (NSF Cheque) 49 10 24 NSF 160 73 170 Adjusted Cash Balance 3997 3997