Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is...
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Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Margaret Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank $19,600 Add: Deposits in transit 4,312 Deduct: Outstanding checks (5,600 ) Balance per books $18,312 Month of July Results Month of July Results Per Bank Per Books Balance July 31 $24,220 $25.900 July deposits 12.600 16.268 July checks 11.200 8,680 July note collected (not included in July deposits) 4,200 42 July bank service charge 938 July NSF check from a customer, returned by the bank (recorded by bank as a charge) (b) Prepare the general journal entry to correct the Cash account (f no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit
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Bank Reconciliation July 31 Balance per bank statement July 31 2422... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Posted Date:
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