Correct Answer $($Used$)$

Prepare any necessary adjusting entries at June $30.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

Date Account Titles and Explanation

Debit

Credit

June $30$

Bank charge expense

$($To record bank charges.$)$

June $30$

$($To record error in deposit made on June $20.)$

June $30$

$($To record EFT charges.$)$

June $30$

$($To record NSF check.$)$

$($c$)$

Your answer is incorrect.

If a balance sheet is prepared for Cookle Creations at June $30,$ what balance will be reported as cash in the current assets section?

If a balance sheet were prepared, cash at June $30$ th$,2020$ would be $

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List of Accounts

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Nutalle decldes that she cannot afford to hire John to do her accounting. One way that she can ensure that her cash account does not have amverrors and is accurate and up$-$to$-$date is to prepare a bark reconcliation at the end of each month.

Nutalle woula like you to help her. She asls you to prepare a bank reconciliation for June $2020$ using the following information.

$\backslash$table$[[$Cash$],[$Date$,$Explanation,Ref,Deblt,Credit,Balance$],[2020,,,,,],[$June $1,$Balance,,,,$2,657],[1,,,750,,3\mathrm{.}407],[3,$Check $1600,,,625,2\mathrm{.}782],[3,$Check $$601,,,95,2\mathrm{.}687],[$B$,$Check $$602,,,56,2\mathrm{.}631],[9,,,1,050,,3,681],[13,$Check $1603,,,425,3\mathrm{.}256],[20,,,155,,3,411],[28,$Check $$604,,,297,3,114],[28,3,,110,,3\mathrm{.}224]]$

$\backslash$table$[[\backslash$table$[[$PREMIER BANK$],[$Statement of Account$-$Cookle Creations$],[$Jure $30,2020]]],[$Date$,$Explanation,Checks and Other Debits,Deposits,Balance$],[$Mar $31,$Balance,,,$3,256],[$June $1,$Deprosit,$E_1=,750,4,006],[6,$Check $$600,625,,3,381],[6,$Check W$601,95,,3,286],[8,$Check $6602,56,,3\mathrm{.}230],[9,$Deposit,,$1\mathrm{.}050,4,280],[10,$NSF check,$100,,4,180],[10,$NSF$-$lee,$35,,4,145],[14,$Check $$603,452,,3\mathrm{.}693],[20,$Deposit,,$125,3,818],[23,$EFT,$85,,3,733],[28,$Check #$599,361,,3,372],[30,$Bank charges,$13,,3,359]]$

Additional information:

On May $31,$ there were two outstanding checks: $$595$ for $$238$ and $$599$ for $$361.$

Premier Bank made a posting error to the bank statement: check $\%603$ was issued for $$425,$ not $$452,$

The deposit made on June $20$ was for $$125$ that Natalle received for teaching a class. Natalie made an errer in recording this transection

The electronic funds transfer $($EFT$)$ was for Natalie's utilities expense.

The NSF chech was from Ron Black. Natalie received this check for teaching a class to Ron's children. Natalie contacted Ron, and ihe assured her that she will receive a check in the mail for the outstanding amount of the imvolce and the NSF bank charge.

The NSF lee will be charged to the custaner.