Rehearsal Company just finished the first month of operations. Rehearsal Company's January bank statement is shown...

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Rehearsal Company just finished the first month of operations. Rehearsal Company's January bank statement is shown below: Balance, January 1 Deposits and other credits: 1,000 900 1,250 12 1/2 1/11 1/21 Interest Total Checks and other debits: 101 102 103 105 106 EFT Service Charg Total Balance, January 31 300 225 150 450 250 3,162 125 Insurance Premium 20 1,520 $ 1,642 Required: 1. Prepare a bank reconciliation as of January 31. 2. Journalize the necessary entries. Rehearsal Company just finished the first month of operations. The company's general ledger cash account contains the following information: Balance, January 1 Deposits: 1/2 1/10 1/201 1/31 Total Deposits $ 1,000 900 1,250 5,000 Checks: 101 102 103 104 105 106 107 108 Total Checks Balance, January 31 300 225 150 850 450 250 600 750 8,150 CURSY 3,575 4,575 Rehearsal Company just finished the first month of operations. Rehearsal Company's January bank statement is shown below: Balance, January 1 Deposits and other credits: 1,000 900 1,250 12 1/2 1/11 1/21 Interest Total Checks and other debits: 101 102 103 105 106 EFT Service Charg Total Balance, January 31 300 225 150 450 250 3,162 125 Insurance Premium 20 1,520 $ 1,642 Required: 1. Prepare a bank reconciliation as of January 31. 2. Journalize the necessary entries. Rehearsal Company just finished the first month of operations. The company's general ledger cash account contains the following information: Balance, January 1 Deposits: 1/2 1/10 1/201 1/31 Total Deposits $ 1,000 900 1,250 5,000 Checks: 101 102 103 104 105 106 107 108 Total Checks Balance, January 31 300 225 150 850 450 250 600 750 8,150 CURSY 3,575 4,575

Answer rating: 100% (QA)

Bank reconciliation Adjusted Balance per Bank 4575 Add Deposit in Transit 12... View the full answer