SCC $-$ Fall $2023-$ Acct $101-$ Full Semester

Dajahnai Watts

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$-=$ Homework: Chapter $7$ Homework

Question list

x$/$s Question $1$

Question $2$

Question $3$

Question $4$

Question $5$

Question $4,$ EF$7-22($similar to$)$

Part $1$ of $7$

HW Score: $13\mathrm{.}13\%,2\mathrm{.}63$ of $20$

points

Points: $0$ of $5$

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Brett Smith Corporation operates four bowling alleys. The business just received the October $31,2024,$ bank statement from City National Bank, and the statement shows an ending balance of $$895.$ Listed on the statement are an EFT rent collection of $$435,$ a service charge of $$6,NSF$ checks totaling $$75,$ and a $$21$ charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $$480$ and a deposit in transit of $$1,760.$ During October, the business recorded a $$320$ check by debiting Salaries Expense and crediting Cash for $$32.$ The business's Cash account shows an October $31$ balance of $$2,130.$

Read the requirements.

Requirement $1.$ Prepare the bank reconciliation at October $31.$

Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation.

Requirements

Prepare the bank reconciliation at October $31.$

Journalize any transactions required from the bank reconciliation.

$1$

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