Question: From the following bank statement, please (1) Complete the bank reconciliation for Jimmys Deli found on the reverse of the following bank statement (2) Journalize

From the following bank statement, please

(1) Complete the bank reconciliation for Jimmy’s Deli found on the reverse of the following bank statement

(2) Journalize the appropriate entries as needed.

a. A deposit of $1,600 is in transit.

b. Jimmy’s Deli has an ending checkbook balance of $5,730.

c. Checks outstanding: no. 111, $450; no. 119, $1,400; no. 121, $390.

d. Jim Rice’s check for $1,000 bounced due to lack of sufficient funds.

e. Bank Service Charge$10.

From the following bank statement, please (1) Complete the bank

Bourne National Bank Rio Mean Branch Bugna, Texas Jimmy's Deli 8811 2nd St. Bugna, Texas Old Balance Checks and other Withdrawals in Order of Payment Deposits Date New Balance 6,700 2/2 2/3 320.00 2/10 620.00 2/15 240.00 2/20 1,180.00 2/24 220.00 2/28 6,700 6,440 6,670 6,660 5,900 5,830 5,360 60.00 200.00 90.00 630.00 1,000.00 NSF 1,250.00 680.00 10.00 SC

Step by Step Solution

3.31 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

1 JIMMYS DELI BANK RECONCILIATION AS OF FEBRUARY 28 201X BAL... View full answer

blur-text-image
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)

Word file Icon

294-B-C-A-I-C-C (1402).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!