Of cash and recorded the expenses requirement 4

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of cash and recorded the expenses.Requirement4.Prepare journal entries without explanations.
12.Preparing a bank reconciliationBrett Knight operates four bowling alleys. He just received the October 31 bank statementfrom City National Bank, and the statement shows an ending balance of $905. Listed onthe statement are an EFT rent collection of $410, a service charge of $10, NSF checkstotaling $70, and a $30 charge for printed checks. In reviewing his cash records, Knightidentified outstanding checks totaling $450 and a deposit in transit of $1,775. DuringOctober, he recorded a $310 check by debiting Salary expense and crediting Cash for $31.His Cash account shows an October 31 balance of $2,209.Requirements1.Prepare the bank reconciliation at October 31.2.Journalize any transactions required from the bank reconciliation.Answer12.1) Bretty knight co Bank reconciliationFor the month of Oct 3116
13.Preparing a bank reconciliation and journal entriesThe August 31 bank statement of Winchester’s Healthcare has just arrived from UnitedBank. To prepare the bank reconciliation, you gather the following data:a. The August 31 bank balance is $4,870.17
b. The bank statement includes two charges for NSF checks from customers. One is for$400 (#1), and the other for $110 (#2).c. The following Winchester checks are outstanding at AugustCheck No.Amount237$ 5028817029152029458029550296140d.Winchester collects from a few customers by EFT. The August bank statement lists a$1,300 EFT deposit for a collection on account.e.The bank statement includes two special deposits that Winchester hasn’t recorded yet:$970, for dividend revenue, and $80, the interest revenue Winchester earned on itsbank balance during August.f.The bank statement lists a $30 subtraction for the bank service charge.g.On August 31, the Winchester treasurer deposited $350, but this deposit does notappear on the bank statement.h.The bank statement includes a $1,000 deduction for a check drawn by Multi-StateFreight Company. Winchester notified the bank of this bank error.i.Winchester’s Cash account shows a balance of $2,900 on August 31.Requirements1.Prepare the bank reconciliation for Winchester’s Healthcare at August 31, 2012.2.Journalize any required entries from the bank reconciliation. Include an explanationfor each entry.Answer18
13.Winchester healthcare com Bank reconciliationFor the month of August 31Balance per bank statement---------------------------------------------------------------4870Add;deposit in transit------------------------------------------------------------------------350Bank error---------------------------------------------------------------------------------1000Less;outstandingchecksNos237------------------------------------------------------50288------------------------------------------------------170291------------------------------------------------- ----520294------------------------------------------------------580295------------------------------------------------------50296------------------------------------------------------140--------------------- (1460)Adjested balance-----------------------------------------------------------------------------4710Balance per depositors record------------------------------------------------------------2900Add;collections(credit memos)-----------------------------------------------------------1300Dividend earning-------------------------------------------------------------------------970Interest revenue--------------------------------------------------------------------------80Less; servise charge-----------------------------------------------30-----------------------(30)NSF funds------------------------------------------------------510---------------------- (540)

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