Complete the bank reconciliation at December 31, 2019. 2 prepare the adjusting journal entries required to...
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Complete the bank reconciliation at December 31, 2019. 2 prepare the adjusting journal entries required to make the Cash in Bank account in the general ledger agree with the adjusted cash balance on the December 31 bank reconciliation. Include descriptions. The December bank statement showed: Date First Chartered Bank Gibson Energy Ltd. Bank Statement Month Ended December 31, 2019 Out Type In Dec. 3Deposit 4NR XYZ Corp. 5Ck 232 6CK 231 6Deposit 7 Deposit 10 Ck. 234 12 Ck. 236 13 Deposit 14ck 52094 14 NSF ABC. Inc. 15 Deposit 16 CK 233 17 Deposit 18 Ck. 235 20 Ck. 237 110,000 70,000 25,000 590,000 62.000 7.000 28.000 59,000 17,000 24 Deposit 26 Deposit 28 Deposit 3100 int 1,320 60 31 SC "drawn in error on Gibson's bank account 70,000 80,000 30,000 210,000 NR - note receivable collected from XYZ Corp. including interest of: NSF = not sufficient funds SC-service charge 32.000 26,000 420,000 16,000 51,000 21,000 Balance OD int-overdraft interest expense Outstanding items at November 30, 2019 were as follows: Nov. 30 deposit Ck. 231 $70,000 $70,000 215,000 295,000 185,000 115,000 145,000 355.000 330,000 (260.000) (228.000) (290,000) (297.000) (271,000) (299.000) 121,000 62,000 45,000 61,000 112,000 133,000 131,680 131,620 $1,951 Complete the bank reconciliation at December 31, 2019. 2 prepare the adjusting journal entries required to make the Cash in Bank account in the general ledger agree with the adjusted cash balance on the December 31 bank reconciliation. Include descriptions. The December bank statement showed: Date First Chartered Bank Gibson Energy Ltd. Bank Statement Month Ended December 31, 2019 Out Type In Dec. 3Deposit 4NR XYZ Corp. 5Ck 232 6CK 231 6Deposit 7 Deposit 10 Ck. 234 12 Ck. 236 13 Deposit 14ck 52094 14 NSF ABC. Inc. 15 Deposit 16 CK 233 17 Deposit 18 Ck. 235 20 Ck. 237 110,000 70,000 25,000 590,000 62.000 7.000 28.000 59,000 17,000 24 Deposit 26 Deposit 28 Deposit 3100 int 1,320 60 31 SC "drawn in error on Gibson's bank account 70,000 80,000 30,000 210,000 NR - note receivable collected from XYZ Corp. including interest of: NSF = not sufficient funds SC-service charge 32.000 26,000 420,000 16,000 51,000 21,000 Balance OD int-overdraft interest expense Outstanding items at November 30, 2019 were as follows: Nov. 30 deposit Ck. 231 $70,000 $70,000 215,000 295,000 185,000 115,000 145,000 355.000 330,000 (260.000) (228.000) (290,000) (297.000) (271,000) (299.000) 121,000 62,000 45,000 61,000 112,000 133,000 131,680 131,620 $1,951
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Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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