Brett White Company operates four bowling alleys. The business just received the October 31, 2018, bank...
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Brett White Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $895. Listed on the statement are an EFT rent collection of $430, a service charge of $8, NSF checks totaling $95, and a $22 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $485 and a deposit in transit of $1,755. During October, the business recorded a $310 check by debiting Salaries Expense and crediting Cash for $31. The business's Cash account shows an October 31 balance of $2,139. is S. Read the reguirements. hi IS Requirement 1. Prepare the bank reconciliation at October 31. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Brett White Company Bank Reconciliation October 31, 2018 ta Choose from any list or enter any number in the input fields and then continue to the next question. Brett White Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $895. Listed on the statement are an EFT rent collection of $430, a service charge of $8, NSF checks totaling $95, and a $22 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $485 and a deposit in transit of $1,755. During October, the business recorded a $310 check by debiting Salaries Expense and crediting Cash for $31 The business's Cash account shows an October 31 balance of $2,139. IS Read the requirements. Requirements - X hi is Requirement 1. Prepare the bank re Prepare the bank portion of the recor 1. Prepare the bank reconciliation at October 31. 2. Journalize any transactions required from the bank reconciliation. Brett V Bank IS Octo Print Done ta Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Journalize any transactions required from the bank reconciliation. (Record debits f Begin with the EFT collection. Date Accounts and Explanation Debit Credit Oct. 31Cash Rent Revenue Journalize the entry to correct the error. Date Accounts and Explanation Debit Credit Oct. 31Salaries Expense Cash Journalize the adjustment for the NSF check. Date Accounts and Explanation Debit Credit Oct. 31Accounts Receivable Cash Journalize the charge for printed checks. (Do not record the bank service charges, that will be done in the next step Date Accounts and Explanation Debit Credit Oct. 31 Bank Expense Cash Journalize the service charges. Date Accounts and Explanation Debit Credit Oct. 31 Brett White Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $895. Listed on the statement are an EFT rent collection of $430, a service charge of $8, NSF checks totaling $95, and a $22 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $485 and a deposit in transit of $1,755. During October, the business recorded a $310 check by debiting Salaries Expense and crediting Cash for $31. The business's Cash account shows an October 31 balance of $2,139. is S. Read the reguirements. hi IS Requirement 1. Prepare the bank reconciliation at October 31. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Brett White Company Bank Reconciliation October 31, 2018 ta Choose from any list or enter any number in the input fields and then continue to the next question. Brett White Company operates four bowling alleys. The business just received the October 31, 2018, bank statement from City National Bank, and the statement shows an ending balance of $895. Listed on the statement are an EFT rent collection of $430, a service charge of $8, NSF checks totaling $95, and a $22 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $485 and a deposit in transit of $1,755. During October, the business recorded a $310 check by debiting Salaries Expense and crediting Cash for $31 The business's Cash account shows an October 31 balance of $2,139. IS Read the requirements. Requirements - X hi is Requirement 1. Prepare the bank re Prepare the bank portion of the recor 1. Prepare the bank reconciliation at October 31. 2. Journalize any transactions required from the bank reconciliation. Brett V Bank IS Octo Print Done ta Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 2. Journalize any transactions required from the bank reconciliation. (Record debits f Begin with the EFT collection. Date Accounts and Explanation Debit Credit Oct. 31Cash Rent Revenue Journalize the entry to correct the error. Date Accounts and Explanation Debit Credit Oct. 31Salaries Expense Cash Journalize the adjustment for the NSF check. Date Accounts and Explanation Debit Credit Oct. 31Accounts Receivable Cash Journalize the charge for printed checks. (Do not record the bank service charges, that will be done in the next step Date Accounts and Explanation Debit Credit Oct. 31 Bank Expense Cash Journalize the service charges. Date Accounts and Explanation Debit Credit Oct. 31
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Related Book For
Horngrens Accounting
ISBN: 978-0133117417
10th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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