Question: Consider the November 2015 transactions for Shine King Cleaning that were presented in Chapter 2. The bank statement dated November 30, 2015, for Shine King

Consider the November 2015 transactions for Shine King Cleaning that were presented in Chapter 2. The bank statement dated November 30, 2015, for Shine King follows.

Requirements
1. Prepare the bank reconciliation.
2. Journalize any required entries from the bankreconciliation.

Bank Statement for November 2015 Beginning Balance, October 31, 2015 Deposits and other Credits: Nov. 2 Nov. 10 Nov. 18 Nov. 21 Nov 29 EFT Fierre's Wig Stand Nov. 30 Interest credit 5 35,000 100 4,400 40,000 600 16 80,116 Checks and other Debits: Nov. Nov. Nov. Nov. Nov. Nov Nov. 2 EFT to Check Art 5ck#101 9ck#103 9ck#102 30 1,200 2,400 500 145 100 18 26 ck#105 28 EFT to Calpine Energy 28 ck#106 Bank Service Charge Ending Balance, November 30, 2015 (6,393) S 73,723

Step by Step Solution

★★★★★

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Requirement 1 SHINE KING CLEANING Bank Reconciliation November 30 2015 BANK BOOK Balance N... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

389-B-C-A-I-C-C (1580).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Blooper s analysts have come up with the following revised estimates for its magnoosium mine: Initial investment Pessimistic + 2 5 % Optimistic 1 5 % Revenues Pessimistic 2 0 % Optimistic + 2 5 %...

Consider the December transactions for Shine King Cleaning that were presented in Chapter 5. (Cost data have been removed from the sale transactions.) Shine King uses the perpetual inventory system....

Consider the December transactions for Shine King Cleaning that were presented in Chapter 5. (Cost data has been removed from the sale transactions.) Dec 2 Purchased 600 units of inventory, $3,600,...

Consider the November 2012 transactions for Shine King Cleaning that were presented in Chapter 2. The bank statement dated November 30, 2012, for Shine King follows. Requirements 1. Prepare the bank...

P8-34 Preparing a bank reconciliation and journal entries Consider the November 2015 transactions for Shine King Cleaning that were presented in Chapter 2. The bank statement dated November 30, 2015,...

Please try to solve all of them in steps Consider the following transactional data for the first month of operations for Shine King Cleaning. (Click the icon to view the transactions.) Start from the...

d. AC in LC BRIEF EXERCISE 7.4 Mumford Corporation invested $30,000 in securities on 4 December. On 9 December, it sold some of these investments for $10,000, and on 18 December, it sold more of...

This problem continues the Shine King Cleaning situation from Problem P2-44 of Chapter 2. Start from the unadjusted trial balance that Shine King Cleaning prepared at November 30, 2015, as follows:...

Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 48,000 passenger car tires and 14,000 truck tires. Rubber and steel belts are used in producing passenger car and...

P3-46 Preparing adjusting entries and preparing an adjusted trial balance This problem continues the Shine King Cleaning situation from Problem P2-44 of Chapter 2. Start from the unadjusted trial...

Part II. Journal, ledger, trial balance and financial statements (10*4=40) Shine King Cleaning has decided that, in addition to providing cleaning services, it will sell cleaning products. Shine King...

Yoshika Landscaping is contemplating purchasing a new ditch-digging machine that promises savings of $5,600 per year for 10 years. The machine costs $21,970, and no salvage value is expected. The...

Find the solutions to the initial value problems: (a) y" + 16y = 12 cos(4t), y(0) = 4, y(0) = 0. (b) y" + 2y = t+ e-, y(0) = 0, y (0) = 0.

A representative office Multiple Choice is a way for the parent bank to provide its MNC clients with a level of service greater than that provided through merely a correspondent relationship. is a...

The equation m log, n= q can be rewritten as Question 9 Given than logx a 2 and logx b = 5, evaluate logx (a b).

5 find sece. 12 cot e =

Convert 105.183 to degree -minute - second form Question 12 4x +6 Solve for the value of x in the following equation: (a3)*-1-(Va)*** %3D Question 13 Find the coordinates of the circular point, W...

7. A three- process cycle of an ideal gas, for which c 1.064 and c 0.804 kJ/kg K is initiated by an isentropic compression 1-2 from 103.4 kPa, 27C to 608.1 kPa. A constant volume process 2-3 and a...

6. Two and one-half pounds of air actuate a cycle composed of the following processes; polytropic compression 1-2, with n 1.5, constant pressure 2-3; constant volume 3-1. The known data are pi 20...

How do you calculate the value of a bond?

Knobbles Companys budget committee provides the following information: Requirements 1. Prepare the schedule of cash receipts from customers for January and February 2016. Assume cash receipts are 60%...

Grant Company has the following post-closing trial balance on December 31, 2016: Additional information: Rent and income tax expenses are paid as incurred. Insurance expense is an expiration of the...

Professional Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted balance sheet at April 30, 2016, and a budgeted statement of cash flows for April. The March 31,...

GTB, Inc., has a 20 percent tax rate and has $86,136,000 in assets, currently financed entirely with equity. Equity is worth $6 per share, and book value of equity is equal to market value of equity....

ABC common stock is expected to have extraordinary growth in earnings and dividends of 17% per year for 2 years, after which the growth rate will settle into a constant 6.60%. If the discount rate is...

Reliance Corporation sold 5,400 units of its product at a price of $29 per unit. Total variable cost per unit is $1550consisting of $14.60 in variable production cost and 50.90 in variable selling...