07-5A_9e - 0.18 Deduct: Check returned because of...

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Problem 7-5A Name: Section: Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect amount in the outlined cells. 1. PACIFIC FURNITURE COMPANY Bank Reconciliation June 30, 20-- Cash balance according to bank statement Add Deposit of June 30, not recorded by bank Deduct outstanding checks: Check No. 736 $345.95 Check No. 755 272.75 Check No. 758 259.60 Check No. 759 901.50 Adjusted balance Cash balance according to company's records Add: Proceeds of note collected by bank: Principal $2,500.00 Interest 125.00 $2,625.00 Error in recording Check No. 749
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Unformatted text preview: 0.18 Deduct: Check returned because of insufficient funds $291.90 Error in recording June 17 deposit 53.73 Service charges 34.40 Adjusted balance 2. Cash 2,625.18 Notes Receivable 0.00 Interest Revenue 0.00 Accounts Payable 0.00 Sales 53.73 Accounts Receivable 291.90 Miscellaneous Administrative Expense 34.40 Cash 0.00 3. $12,822.02 4. The check would be voided and not recorded $13,091.76 1,510.06 $14,601.82 1,779.80 $12,822.02 $10,576.87 2,625.18 $13,202.05 380.03 $12,822.02 0.00 2,500.00 125.00 0.18 0.00 0.00 0.00 380.03...
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This note was uploaded on 04/22/2009 for the course BUS 181 taught by Professor Ms. smith during the Spring '09 term at Harold Washington College - CCC.

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07-5A_9e - 0.18 Deduct: Check returned because of...

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