The following are transactions of Sparta Company for the month of May.com Yusqaro) choq May 3...
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The following are transactions of Sparta Company for the month of May.com Yusqaro) choqë May 3 Sparta Company deposited 225,000 in the checking account with Silver Bank. 5 Bought merchandise from Troy Trading. Issued Check No. 0901 in the amount of 39056,250. 100 72 Sparta Company deposited 168,750 in the checking account. 8 Deposited 146,250 in the checking account CYGM 9. Bought merchandise from various suppliers and issued the following checks: Check No. 8 XCM 7 29 Payee 31 24 Zeus Co. Sphinx Trading DOZAC 02s.es Eros Co.002.00 0902 0903 20180S 15 Purchased merchandise from various suppliers and issued the following checks: 000P8S RS 76M Check No. Amount Payee 002,88S 028.000 P 72,000 000223 Chronos Co. 724 002,830904 0905 29,250 00 Amount P 94,500 5000.0 208,125 2000.000 Issued Check No. 0906 to Pontus Merchandising, osM 1b010 - MD Deposited 54,000 in the checking account Əl HSM 37,125 omeMaldeG - MO banged quedo solvie2069-028 Presented below is the statement of account received from Silver Bank: Silver Bank 16M 10 10 orto Quezon City lo enossens 916 gulwollets? Sparta Company 1111 Athena Road, Quezon City 000,255 Account No. 00789 belengahwing: May 31, 2017 To impont off af 1000 ch dopio heueel gribe Toit most othneoim fiquod Date Debits Credits 029 Balance Apr. 30 May. 3 May. 5 Chk No. 0901 P56,250 May. 7 snthwolto smo bauzet baselluqne zuorzy May. 8 Mar. 9 Mar. 16 Mar. 17 Mar. 29 Mar. 30 njooos prbloods erbi 025,801 bediengobyeqmo * 225,000 Chk No. 0902 Chk No. 0905 Chk No. 0903 913 0902.001s malg 000 ST 7 ashte Legend: DM - Debit Memo - on ho 525 DM 94,500 29,250 208,125 600 BSC A00028,500 NSF - BSC Bank Service charge trat P57,750 282,750 226,500 395,250 541,500 540,975 gilbert zuidge 446,475 417,225 209,100 284,100 283,500 onoril 255,000 19,500 201 274,500 batizoast bio frig 168,750 dom dri 146,250 by toont selbandziom bezpi 75,000 CM + grizlboodsist eino? of auen on bed banedl CM Credit Memo NSF - No Sufficient Fund Trumpas gribe-10 511000ed 100320990 Note: The 525 debit memo is the cost of the checkbook. The 75,000 credit memo is a collection of a noninterest bearing note and the P600 is the bank service charge for the collection. Required: 1. Prepare a bank reconciliation. 2. Prepare the necessary adjusting journal entries. beibellos de mani bas fryd bs The following are transactions of Sparta Company for the month of May.com Yusqaro) choqë May 3 Sparta Company deposited 225,000 in the checking account with Silver Bank. 5 Bought merchandise from Troy Trading. Issued Check No. 0901 in the amount of 39056,250. 100 72 Sparta Company deposited 168,750 in the checking account. 8 Deposited 146,250 in the checking account CYGM 9. Bought merchandise from various suppliers and issued the following checks: Check No. 8 XCM 7 29 Payee 31 24 Zeus Co. Sphinx Trading DOZAC 02s.es Eros Co.002.00 0902 0903 20180S 15 Purchased merchandise from various suppliers and issued the following checks: 000P8S RS 76M Check No. Amount Payee 002,88S 028.000 P 72,000 000223 Chronos Co. 724 002,830904 0905 29,250 00 Amount P 94,500 5000.0 208,125 2000.000 Issued Check No. 0906 to Pontus Merchandising, osM 1b010 - MD Deposited 54,000 in the checking account Əl HSM 37,125 omeMaldeG - MO banged quedo solvie2069-028 Presented below is the statement of account received from Silver Bank: Silver Bank 16M 10 10 orto Quezon City lo enossens 916 gulwollets? Sparta Company 1111 Athena Road, Quezon City 000,255 Account No. 00789 belengahwing: May 31, 2017 To impont off af 1000 ch dopio heueel gribe Toit most othneoim fiquod Date Debits Credits 029 Balance Apr. 30 May. 3 May. 5 Chk No. 0901 P56,250 May. 7 snthwolto smo bauzet baselluqne zuorzy May. 8 Mar. 9 Mar. 16 Mar. 17 Mar. 29 Mar. 30 njooos prbloods erbi 025,801 bediengobyeqmo * 225,000 Chk No. 0902 Chk No. 0905 Chk No. 0903 913 0902.001s malg 000 ST 7 ashte Legend: DM - Debit Memo - on ho 525 DM 94,500 29,250 208,125 600 BSC A00028,500 NSF - BSC Bank Service charge trat P57,750 282,750 226,500 395,250 541,500 540,975 gilbert zuidge 446,475 417,225 209,100 284,100 283,500 onoril 255,000 19,500 201 274,500 batizoast bio frig 168,750 dom dri 146,250 by toont selbandziom bezpi 75,000 CM + grizlboodsist eino? of auen on bed banedl CM Credit Memo NSF - No Sufficient Fund Trumpas gribe-10 511000ed 100320990 Note: The 525 debit memo is the cost of the checkbook. The 75,000 credit memo is a collection of a noninterest bearing note and the P600 is the bank service charge for the collection. Required: 1. Prepare a bank reconciliation. 2. Prepare the necessary adjusting journal entries. beibellos de mani bas fryd bs
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Bank Reconciliation Balance per bank statement May 31 274500 Add... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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