Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement November 30,
Question:
Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement November 30, $160,381.47.The following checks were outstanding at November 30.
1224 | $4,660.58 | |
1230 | 7,034.66 | |
1232 | 6,056.68 | |
1233 | 1,374.18 |
Included with the November bank statement and not recorded by the company were a bank debit memo for $78.09 covering bank charges for the month, a debit memo for $1,060.57 for a customer?s check returned and marked NSF, and a credit memo for $3,990.00 representing bond interest collected by the bank in the name of Indigo Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $5,458.89.
Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement November 30, $160,381.47.The following checks were outstanding at November 30.
1224 | $4,660.58 | |
1230 | 7,034.66 | |
1232 | 6,056.68 | |
1233 | 1,374.18 |
Included with the November bank statement and not recorded by the company were a bank debit memo for $78.09 covering bank charges for the month, a debit memo for $1,060.57 for a customer?s check returned and marked NSF, and a credit memo for $3,990.00 representing bond interest collected by the bank in the name of Indigo Inc. Cash on hand at November 30 recorded and awaiting deposit amounted to $5,458.89.
Prepare journal entries required to adjust the cash account at November 30. (Enter answers to 2 decimal places, e.g. 125.62. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation | Debit | Credit |
(To record interest) | ||
(To record bank service charges) | ||
(To record NSF Check) |
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso