Required Prepare a bank reconciliation for Kaelen's Spa on August 31, 2020, and prepare the necessary journal
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Prepare a bank reconciliation for Kaelen's Spa on August 31, 2020, and prepare the necessary journal entries.
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Cansider the following bank statement and general ledger for Kaclen's Spa. PS-1A BANK STATEMENT Date Explanation Opening balance 6. Aug. 1 Debit Credit Balance Cheque No. 301 Cheque No. 302 EFT-monthly rent Corsen Parker NSF cheque NSF charge 14 Cheque No. 303 Cheque No. 1234 Service charges Interest on bank account 16,000 15,000 13,000 12,200 12,700 12,200 12,190 11,615 8,615 8,560 8,590 10 1,000 2,000 800 10 11 11 500 11 500 10 575 3,000 21 30 55 30 30 GENERAL LEDGER-BANK Date Explanation Debit Credit Balance Opening balance 3 Jaiden's Supplies-Cheque No. 301 Monique's Office-Cheque No. 302 Corsen Parker Aug. 1 16,000 1,000 15,000 13,000 13,500 11,925 9,835 19,835 4 2,000 11 500 Outer Beauty Inc.-Cheque No. 303 Polish Care Ltd.-Cheque No. 304 31 1,575 2,090 19 23 10,000 Deposit Additional information: 1. On August 19, Kaelen's Spa purchased $575 worth of nail polish and supplies from Outer Beauty Inc. 2. The spa's cheque numbers are always three digits in length. Cansider the following bank statement and general ledger for Kaclen's Spa. PS-1A BANK STATEMENT Date Explanation Opening balance 6. Aug. 1 Debit Credit Balance Cheque No. 301 Cheque No. 302 EFT-monthly rent Corsen Parker NSF cheque NSF charge 14 Cheque No. 303 Cheque No. 1234 Service charges Interest on bank account 16,000 15,000 13,000 12,200 12,700 12,200 12,190 11,615 8,615 8,560 8,590 10 1,000 2,000 800 10 11 11 500 11 500 10 575 3,000 21 30 55 30 30 GENERAL LEDGER-BANK Date Explanation Debit Credit Balance Opening balance 3 Jaiden's Supplies-Cheque No. 301 Monique's Office-Cheque No. 302 Corsen Parker Aug. 1 16,000 1,000 15,000 13,000 13,500 11,925 9,835 19,835 4 2,000 11 500 Outer Beauty Inc.-Cheque No. 303 Polish Care Ltd.-Cheque No. 304 31 1,575 2,090 19 23 10,000 Deposit Additional information: 1. On August 19, Kaelen's Spa purchased $575 worth of nail polish and supplies from Outer Beauty Inc. 2. The spa's cheque numbers are always three digits in length.
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Answer Kaelens Spa Bank Reconciliation August 31 Bank statement balance Add Deposi... View the full answer
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date:
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