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Problem $9\mathrm{.}4$A $($Static$)$ Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. LO $9-5,9\mathrm{.}6$

On August $31,20$X$1,$ the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $$12,831.$ The balance shown on the bank statement on the same date was $$13,677.$

e$80$et

Notes

a$.$ The firm's records indicate that a $$1,700$ deposit dated August $30$ and a $$701$ deposit dated August $31$ do not appear on the bank

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b$.$ A service charge of $$35$ and a debit memorandum of $$250$ covering an NSF check have not yet been entered in the firm's recards. $($The check was issued by Andrew Corollo, a credit customer$)$

c$.$ The following checks were issued but hove not yet been paid by the bank:

$\backslash$table$[[$Check $112,,5125],[$Check $713,,5139],[$Coeck $716,,5245],[$cieck $735.,$is $57],[$Check $739,,$$ $187],[$Check $741,,$$$118]]$

d$.$ A credt memorandum showis that the bank collected a $$2\mathrm{.}095$ note receivable and interest of $$55$ for the firm. These amounts have not yet been entered in the firm's records.

$$equired:

Prepare a bank reconcilistion statement for the firm as of August $31.$

Record general joumal entries for items on the bark reconcilation statement that must be joumalized.

Analyze:

What effect did the joumal entries recorded as a result of the bank reconciliation have on the fundamental accounting equation?

se

Proy

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What effect did the jourhal entries recorded as a result of the bank reconciliation have on the fundamental accounti

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Bank Rec,General Journal,Analyze,,$]]$

Prepare a bank reconciliation statement for the firm as of August $31.$

Print

ferences

$\backslash$table$[[\backslash$table$[[$DRY CREEK BED AND BREAKFAST$],[$Bank Reconciliation Statement$],[$August $31,20$X$1]],,],[$Balance on bank statement,,$],[$Additions:$,,],[,,],[,,],[,,],[$Deductions:$,,],[,,],[,,],[,,],[,,],[,,]]$

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Help

Sare $8$ Enit

Submit

$9$ Homework

$1$

Problem $9\mathrm{.}4$A $($Static$)$ Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. LO $9-5,9\mathrm{.}6$

On August $31,20$X$1,$ the balance in the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $$12,831.$ The balance shown on the bank statement on the same date was $$13,677.$

e$80$et

Notes

a$.$ The firm's records indicate that a $$1,700$ deposit dated August $30$ and a $$701$ deposit dated August $31$ do not appear on the bank

Ains

teterncen

b$.$ A service charge of $$35$ and a debit memorandum of $$250$ covering an NSF check have not yet been entered in the firm's recards. $($The check was issued by Andrew Corollo, a credit customer$)$

c$.$ The following checks were issued but hove not yet been paid by the bank:

$\backslash$table$[[$Check $112,,5125],[$Check $713,,5139],[$Coeck $716,,5245],[$cieck $735.,$is $57],[$Check $739,,$$ $187],[$Check $741,,$$$118]]$

d$.$ A credt memorandum showis that the bank collected a $$2\mathrm{.}095$ note receivable and interest of $$55$ for the firm. These amounts have not yet been entered in the firm's records.

$$equired:

Prepare a bank reconcilistion statement for the firm as of August $31.$

Record general joumal entries for items on the bark reconcilation statement that must be joumalized.

Analyze:

What effect did the joumal entries recorded as a result of the bank reconciliation have on the fundamental accounting equation?

se

Proy

$1$ of $1$

Next$1$

What effect did the jourhal entries recorded as a result of the bank reconciliation have on the fundamental accounti

Complete this question by entering your answers in the tabs below.

$\backslash$table$[[$Bank Rec,General Journal,Analyze,,$]]$

Prepare a bank reconciliation statement for the firm as of August $31.$

Print

ferences

$\backslash$table$[[\backslash$table$[[$DRY CREEK BED AND BREAKFAST$],[$Bank Reconciliation Statement$],[$August $31,20$X$1]],,],[$Balance on bank statement,,$],[$Additions:$,,],[,,],[,,],[,,],[$Deductions:$,,],[,,],[,,],[,,],[,,],[,,]]$

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