Requirements 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. Journalize any required...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Requirements 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. Journalize any required entries from the bank reconciliation. 2. Dec. 10 Dec. 15 Dec. 18 Dec. 22 Checks and other Debits: Dec. Dec. Dec. Dec. Dec. Dec. Dec. 8 11 (check no. 1416) 19 22 (check no. 1417) 29 (check no. 1418) 31 (check no. 1419) 31 Ending Balance Cash Receipts Date Cash Debit Dec. 4 $ 9 14 17 31 4,200 460 580 2,150 1,810 BC Bank: NSF Explanations: BC-bank collection; EFT-electronic funds transfer NSF-nonsufficient funds checks; SC-service charge ADD: EFT LESS: SC 460 580 2,150 1,600 1,000 860 375 190 730 860 40 $ Cash Payments Check No. Cash Credit 1416 $ 1417 1418 1419 1420 1421 1422 9,090 (4,055) 18,535 860 190 730 680 1,500 1,700 640 Beginning Balance Deposits and other Credits: Dec. 1 Doc. Dec Dec Harry Insurance Bank Reconciliation December 31, 2024 Dec. 5 10 15 18 Bank Statement for December Dec. 22 Checks and other Dobits Dec Dec Doc. Doc. Dec Dec. A 11 Jheck no 1416) 19 22 (141 28 toheck no 31 (1419) EFT S 100 4,200 460 680 BC - X NSF EFT Requirement 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. 2.150 1,600 1,000 280 378 190 730 800 S A 13,500 9.090 Requirements 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. Journalize any required entries from the bank reconciliation. 2. Dec. 10 Dec. 15 Dec. 18 Dec. 22 Checks and other Debits: Dec. Dec. Dec. Dec. Dec. Dec. Dec. 8 11 (check no. 1416) 19 22 (check no. 1417) 29 (check no. 1418) 31 (check no. 1419) 31 Ending Balance Cash Receipts Date Cash Debit Dec. 4 $ 9 14 17 31 4,200 460 580 2,150 1,810 BC Bank: NSF Explanations: BC-bank collection; EFT-electronic funds transfer NSF-nonsufficient funds checks; SC-service charge ADD: EFT LESS: SC 460 580 2,150 1,600 1,000 860 375 190 730 860 40 $ Cash Payments Check No. Cash Credit 1416 $ 1417 1418 1419 1420 1421 1422 9,090 (4,055) 18,535 860 190 730 680 1,500 1,700 640 Beginning Balance Deposits and other Credits: Dec. 1 Doc. Dec Dec Harry Insurance Bank Reconciliation December 31, 2024 Dec. 5 10 15 18 Bank Statement for December Dec. 22 Checks and other Dobits Dec Dec Doc. Doc. Dec Dec. A 11 Jheck no 1416) 19 22 (141 28 toheck no 31 (1419) EFT S 100 4,200 460 680 BC - X NSF EFT Requirement 1. Prepare the bank reconciliation of Harry Insurance at December 31, 2024. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. 2.150 1,600 1,000 280 378 190 730 800 S A 13,500 9.090
Expert Answer:
Answer rating: 100% (QA)
Bank Reconciliation Harry Insurance December 31 2024 Bank Statement Book Adjusted Beginning Balance ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
The December cash records of Davidson Insurance follow: Davidson's Cash account shows a balance of $17,450 at December 31. On December 31, Davidson Insurance received the following bank statement:...
-
The May cash records of Donald Insurance follow: Donald's Cash account shows a balance of $17,750 at May 31. On May 31, Donald Insurance received the following bank statement: Additional data for the...
-
The December cash records of Duffy Insurance follow: Duffys Cash account shows a balance of $17,050 at December 31. On December 31, Duffy Insurance received the following bank statement: Additional...
-
What are the income-distribution consequences of fashion? Can the need to be seen driving a new car by the rich be a boon to those with lower incomes who will ultimately purchase a better,...
-
Find the rectangular components of the following vectors which lie in the xy plane, and make an angle with the x axis (Figure) if (a) A = 10m, = 30; (b) A = 5m, = 45; (c) A = 7km, = 60; (d) A =...
-
Have you ever had to compute target operating income? If so, what were the circumstances?
-
Zeds Manufacturing incurred the following costs in acquiring land, making land improvements, and constructing and furnishing a new building. Zeds Manufacturing depreciates buildings over 50 years,...
-
The Big Bang Theory, a situation comedy featuring Johnny Galecki, Jim Parsons, and Kaley Cuoco, is one of the most watched programs on network television. The first two episodes for the 2011-2012...
-
What are the categories of Assets (cash, communications equipment, inventory, operating equipment, etc.) and Prepaid Items (rent, insurance, advertising, etc.) you need to buy to start your business,...
-
Elizabeth (Liz) Lake lives in a million-dollar mansion in Don Mills. She spends time with her three children at an 1134-square-metre waterfront cottage in central Ontario. The attractive widow also...
-
. Determine the molecular formula of a compound with an empirical formula of NH and a formula mass of 32.06 u.
-
The Hat Store had the following series of transactions for Year 2 Date January 1 March 15 May 30 August 10 November 20 Required Transaction Beginning inventory Purchased Sold Purchased Sold...
-
A recent graduate, 25 years old, is starting a career with an engineering firm. She intends to deposit a portion of her annual salary into an investment plan that returns 8% annually. Of the two...
-
Management has requested that you help identify and advise them about training for one of the tickets, licences or permits you mentioned within your report. ... Preferred Training Providers V2.4...
-
Jenna is a single taxpayer. During 2 0 1 8 , she earned wages of $ 1 3 1 , 0 0 0 . She does not itemize deductions, so she will take the standard deduction to calculate 2 0 1 8 taxable income. In...
-
6. A 120 V source is connected to a 300 W resistor. Find the resistance 7. If electricity costs 5 cents per kWhr, how much will it cost to run the 300 Watt circuit in question # 46 for an entire 24...
-
Consider the following Excel functions to answer Questions 17 19: a. =PV(rate,nper,pmt,[fv],[type]) b. =FV(rate,nper,pmt,[pv],[type]) c. =PMT(rate,nper,pv,[fv],[type]) d. =NPER(rate,pmt,...
-
Les has collected stamps in his spare time for years. He purchased many of his stamps at a price much lower than the current market value. Les recently lost his job as a carpenter. Since his wife...
-
Data for Regal State Bank follow: Evaluate the common stock of Regal State Bank as an investment. Specifically, use the three stock ratios to determine whether the common stock has increased or...
-
Peaceful Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a...
-
During its first year of operations, Signature Lamp Company earned net credit sales of $314,000. Industry experience suggests that bad debts will amount to 4% of net credit sales. At December 31,...
-
Linear acceleration method a. Assumes that acceleration varies linearly between \(t_{i}\) and \(t_{i}+\theta \Delta t ; \theta \geq 1\) b. Assumes that acceleration varies linearly between \(t_{i}\)...
-
Fill in the Blanks. In a conditionally stable method, the use of \(\Delta t\) larger than \(\Delta t_{\text {cri }}\) makes the method _____________.
-
The finite difference method requires the use of finite difference approximations in a. governing differential equation only b. boundary conditions only c. governing differential equation as well as...
Study smarter with the SolutionInn App