Question: Is it possible for this to be completed within an hour and have the exact 7 columns and descriptions as shown in chart. thank you!



Instruction The bank statement for Gatin Co, indicates a balance of $7,735 on June 30. After the journal entries for June had been posted, the cash account had a balance of $4,098 (6) (c) (d) Cash sales of $742 had been erroneously recorded in the cash receipts journal as $724 Deposits intrant not recorded by bark, 8126 Bank debit memo for service charges, 835, Bank credit memo for noto collected by bank. 82,475 including $75 interest, Bank debit memo for $256 NSF (not sufficient funda) check from Janice Smith, a customer Checks outstanding, $1,360 Required: Record the appropriate journal entries that would be necessary for Gatlin Co. Refer to the Chart of Accounts for exact wording of account Athos Chart of Accounts CHART OF ACCOUNTS Gatlin Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 111 Petty Cash 121 Accounts Receivable AAA Supplies 122 Accounts Receivable-Calin Sams 123 Accounts Receivable-Janice Smith 124 Accounts Receivable-Jennings Co. 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Supplies 151 Prepaid Insurance 181 Land 191 Equipment 192 Accumulated Depreciation EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Supplies Expense 535 Rent Exponse 536 Repairs Expense 561 Depreciation Expense 591 Miscellaneous Expense LIABILITIES 211 Anunte Douala. Adivina CA 710 Interact Evnenen 533 insurance Expense Chart of Accounts 151 Prepaid Insurance 181 Land 191 Equipment 192 Accumulated Depreciation 534 Supplies Expense 535 Rent Expense 536 Repairs Expense 561 Depreciation Expense 591 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Adkins Co. 212 Accounts Payable-Dexter LLC 213 Accounts Payable-Holland Co. 214 Accounts Payable-Ramirez Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary General Joumal Record the appropriate journal entries on June 30 that would be necessary for Gatin Co. Refer to the Chart of Accounts for exact wording of account titles PAGE 1 JOURNAL DATE DESCRIPTION DEBIT CREDIT POST RER 1 I 4 5
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