Martinez Corp. has just received its August 31, 2023 bank statement, which is summarized as follows:...
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Martinez Corp. has just received its August 31, 2023 bank statement, which is summarized as follows: Provincial Bank of Manitoba Disbursements Receipts Balance Balance, August 1 $9,500 Deposits during August $33,100 42,600 Note collected for depositor, including $50 interest 1,170 43,770 Cheques cleared during August $35,200 8,570 Bank service charges 10 8,560 Balance, August 31 8,560 The general ledger Cash account contained the following entries for the month of August: Cash Balance, August 1 10,600 Disbursements in August 37,381 Receipts during August 36,800 Deposits in transit at August 31 are $4,300, and cheques outstanding at August 31 total $1,950. Cash currently on hand at August 31 is $260, and there were postdated cheques from customers (for September 1) in the amount of $530. The bookkeeper improperly entered one cheque in the books at $156.00. The cheque was actually written for $165.00 for supplies and cleared the bank during the month of August. Prepare entries that are needed to make the books correct and complete. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation (To record collection of not and interest) (To record bank charges) Debit Credit SUPP (To record bank charges) (To record correct error in recording cheque for supplies), Martinez Corp. has just received its August 31, 2023 bank statement, which is summarized as follows: Provincial Bank of Manitoba Disbursements Receipts Balance Balance, August 1 $9,500 Deposits during August $33,100 42,600 Note collected for depositor, including $50 interest 1,170 43,770 Cheques cleared during August $35,200 8,570 Bank service charges 10 8,560 Balance, August 31 8,560 The general ledger Cash account contained the following entries for the month of August: Cash Balance, August 1 10,600 Disbursements in August 37,381 Receipts during August 36,800 Deposits in transit at August 31 are $4,300, and cheques outstanding at August 31 total $1,950. Cash currently on hand at August 31 is $260, and there were postdated cheques from customers (for September 1) in the amount of $530. The bookkeeper improperly entered one cheque in the books at $156.00. The cheque was actually written for $165.00 for supplies and cleared the bank during the month of August. Prepare entries that are needed to make the books correct and complete. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation (To record collection of not and interest) (To record bank charges) Debit Credit SUPP (To record bank charges) (To record correct error in recording cheque for supplies),
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