Information from Karev Photography's Cash account as well as the January bank statement are presented next. Check
Question:
Information from Karev Photography's Cash account as well as the January bank statement are presented next.
Check #210 was written for $310 to pay salaries expense.
Requirements
1. Prepare the bank reconciliation on January 31.
2. Prepare all necessary journal entries for Karev Photography to update the Cash account as a result of the bank reconciliation?
Transcribed Image Text:
Cash Jan 1 Bal. Jan 30 1,500 Check #210 2,600 Check #211 Check #212 Check #213 Check #214 31 450 137 295 120 Pre-adjusted Bal @ Jan 31 3,067 Bank Statement: Bal, Jan 1 Deposits: EFT-rent $1,500 550 Checks: No. Amount 210 310 211 450 212 137 (897) Other Charges: Service charge Check printing $ 10 25 NSF check #201 60 (95) $1,058 Bal, Jan 31
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