Question: Joe Donney operates a roller skating center He has just
Joe Donney operates a roller skating center. He has just received the monthly bank statement at August 31 from Citizens National Bank, and the statement shows an ending balance of $638. Listed on the statement are an EFT rent collection of $375, a service charge of $9, two NSF checks totaling $137, and a $20 charge for printed checks. In reviewing his cash records, Donney identifies outstanding checks totaling $756 and an August 31 deposit in transit of $1,695. During August, he recorded a $280 check for the salary of a part-time employee as $28. Donney’s Cash account shows an August 31 cash balance of $1,620. How much cash does Donney actually have at August 31, 2014?
Answer to relevant QuestionsUse the data from Exercise 4-29B to make the journal entries that Donney should record on August 31 to update his Cash account. Include an explanation for each entry.In Exercise 4-29B, Joe Donney operates a roller skating ...The cash data of Richmond Automotive for June 2014 follow:Richmond Automotive received the following bank statement on June 30, 2014:Additional data for the bank reconciliation include the following:a. The EFT deposit was ...The president of The Pembrook Company has recently become concerned that the bookkeeper has embezzled cash from the company. He asks you, confidentially, to look over the bank reconciliation that the bookkeeper has prepared ...Use the data for Bright Sales, Inc., in E6-12A to answer the following:In E6-12A, Bright Sales, Inc.’s inventory records for a particular development program show the following at January 31:Requirements1. Compute cost of ...Nashville Sales, Inc.’s inventory records for a particular development program show the following at August 31:At August 31, eleven of these programs are on hand. Journalize the following for Nashville Sales, under the ...
Post your question