Stay Fit Gyms checkbook lists the following: Stay Fits June bank statement shows the following: Requirements 1.
Question:
Stay Fit Gym’s checkbook lists the following:
Stay Fit’s June bank statement shows the following:
Requirements
1. Prepare Stay Fit Gym’s bank reconciliation at June 30, 2024.
2. How much cash does Stay Fit actually have on June 30, 2024.
3. Journalize any transactions required from the bank reconciliation.
Transcribed Image Text:
Date Check No. June 1 8 11 15 19 23 26 28 30 333 334 335 336 337 338 Item Utilities Expense Collection of Fees Transportation Computer Software Cash Rent Expense Salaries Expense Collection of Fees Check Deposit $120 135 174 195 285 825 $360 3,030 Balance $2,025 1,905 2,265 2,130 1,956 1,761 1,476 651 3,681
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
1 Bank Reconciliation at June 30 2024 Bank Statement Balance June 30 1590 Add Deposits in Transit 25...View the full answer
Answered By
User l_917591
As a Business Management graduate from Moi University, I had the opportunity to work as a tutor for undergraduate students in the same field. This experience allowed me to apply the theoretical knowledge I had gained in a practical setting, while also honing my teaching and communication skills.
As a tutor, I was responsible for conducting tutorial sessions, grading assignments and exams, and providing feedback and support to my students. I also assisted with the preparation of course materials and collaborated with other tutors and professors to ensure consistency in teaching and assessment.
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Financial & Managerial Accounting
ISBN: 9780136516255
7th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
Question Posted:
Students also viewed these Business questions
-
Chesters Produces checkbook lists the following: Chesters Produces June bank statement shows the following: Requirements 1. Prepare Chesters Produces bank reconciliation on June 30, 2012. How much...
-
Preparing a bank reconciliation Harrison Photography's checkbook lists the following: Harrison's November bank statement shows the following: Requirements 1. Prepare Harrison Photography's bank...
-
Henderson Photographys checkbook lists the following: Henderson Novembers bank statement shows the following: Requirements 1. Prepare Henderson Photographys bank reconciliation at November 30, 2016....
-
A railroad flatcar is traveling to the right at a speed of 13.0 m/s relative to an observer standing on the ground. Someone is riding a motor scooter on the flatcar (Fig. 3.43). What is the velocity...
-
Montgomery Stationerys bank statement contained a $260 NSF check that one of its customers had written to pay for supplies purchased. Required a. Show the effects of recognizing the NSF check on the...
-
Several accounts that appeared on Kruse's 2012 balance sheet are as follows: Accounts Payable........................$ 55,000 Equipment................................$950,000 Marketable...
-
Here we consider a seemingly trivial problem: How to hedge a single systematic risk factor away, when there is no specific risk. Let us consider two well-diversified portfolios whose returns follow...
-
Foster Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacturers of trenching machines (to replace an existing manual system). The...
-
The revenue recognition principle requires an adjusting entry to accrue interest earned and includes a debit to Interest Receivable and a credit to Interest Revenue. What effect does this adjusting...
-
The manager of Creative Hair Salon has just received the May 31, 2024, bank statement for the salon from Park Cities Bank. The statement shows an ending balance of $1,755. Listed on the statement are...
-
Sam Mario works as an Admissions Officer at the Arts Center. Marios duty includes welcoming visitors and ensuring visitors pay the admission fee of $5 per person. No ticket is issued to visitors...
-
Under what circumstances is a contingent liability disclosed only in the notes to the financial statements? Under what circumstances is a contingent liability not recorded in the accounts nor...
-
Over the past century, ________ has experienced particularly strong growth, and ________ has experienced particularly weak growth. a. China; the United Kingdom b. China; Canada c. the United Kingdom;...
-
According to the theory of liquidity preference, an economys interest rate adjusts a. to balance the supply and demand for loanable funds. b. to balance the supply and demand for money. c....
-
Most economists are ________ that natural resources will eventually limit economic growth. As evidence, they note that the prices of most natural resources, adjusted for overall inflation, have...
-
The population of Ectenia is 100 people: 40 work full-time, 20 work half-time but would prefer to work full-time, 10 are looking for a job, 10 would like to work but are so discouraged that they have...
-
Because most loans are written in ________ terms, an unexpected increase in inflation hurts ________. a. real; creditors b. real; debtors c. nominal; creditors d. nominal; debtors
-
When magnesium metal is added to a beaker of HCl(aq), a gas is produced. Knowing that magnesium is oxidized and that hydrogen is reduced, write the balanced equation for the reaction. How many...
-
In a paragraph of approximately 150-200 words, analyze a film or TV/Streaming Show poster of your choosing by focusing on the ways in which representations in the poster are gendered. Include an...
-
The periodic inventory records of Synergy Prosthetics indicate the following at July 31: At July 31, Synergy counts two units of inventory on hand. Requirement 1. Compute ending inventory and cost of...
-
Internal controls are designed to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate accounting records. Requirements 1. Which...
-
Sandra Kristof sells furniture for McKinney Furniture Company. Kristof is having financial problems and takes $650 that she received from a customer. She rang up the sale through the cash register....
-
Shop Co. has sales of $11 million and cost of sales of $5.5 million. Its selling, general, and administrative expenses are $700,000 and its research and development is $1 million. It has annual...
-
1. Create a new schema (user) with name and password of your choosing. (5 points) 2. At least four (4) tables must be created in the database with the minimum of four (4) columns in each table....
-
ion list stion 1 stion 2 stion 3 Data table K Grandma's Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred...
Study smarter with the SolutionInn App