Problem 8-5B

Problem 8-5B - Problem 8-5B(50 minutes Part 1 TAMZEN SYSTEMS Bank Reconciliation Bank statement balance $22,070 Book balance $21,164 Add Add

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Unformatted text preview: Problem 8-5B (50 minutes) Part 1 TAMZEN SYSTEMS Bank Reconciliation May 31, 2009 Bank statement balance ................. $22,070 Book balance ........................ $21,164 Add Add Deposit of May 31 ......................... 1,716 23,786 Proceeds of note less $20 fee ............................. 1,520 22,684 Deduct Deduct Checks No. 1780 .............. $ 516 NSF check .............. $688 1786 ......... 935 Service charge .. 22 1789 ......... 371 1,822 Error (Ck 1788) .... 10 720 Adjusted bank balance ................... $21,964 Adjusted book balance ....... $21,964 Part 2 May 31 Cash .................................................................. 1,520 Collection Expense .......................................... 20 Notes Receivable .................................. 1,540 To record note collection less fee. 31 Accounts Receivable—W. Sox ....................... 688 Cash ....................................................... 688 To charge account for NSF check plus fee. To charge account for NSF check plus fee....
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This note was uploaded on 11/22/2011 for the course BUSI 1002 taught by Professor Liu during the Fall '10 term at HKU.

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Problem 8-5B - Problem 8-5B(50 minutes Part 1 TAMZEN SYSTEMS Bank Reconciliation Bank statement balance $22,070 Book balance $21,164 Add Add

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