1. Record the transactions in the general journal and auxiliary petty cash record.

2. Post the transactions to the general ledger accounts.

3. Prepare a trial balance.

4. Compare the Smith Computer Centers deposits and checks with the bank statements and complete a bank reconciliation as of September 30, 201X.

Reading the Kellogg's Annual Report o to http://investor.kelloggs.com/investor-relations/an Kellogg's 2013 Annual Report. How often do you think Kellogg's reconclsthe tatement? What type of security control may be in place? Support your possbanlk ports to access les its ON THE JOB SMITH COMPUTER CENTER The books have been closed for the first year of business for Smith Compute The company ended up with a marginal profit for the first three months in Thad expects faster growth as he enters a busy season. r Center Following is a list of transactions for the month of October. Petty Cash acco #1010 and Miscellaneous Expense account #5100 have been added to the chart of accounts. Oct. 1 Paid rent for November, December, and January, $1.,500 (check no. 8108). Established a petty cash fund for $300. Collected $4,600 from a cash customer for building five systems. Collected $2,700, the amount due from Dr. Michael Turiono's invoice no. 12674, customer on account Purchased $40 worth of stamps using petty cash voucher no. 101. Withdrew $900 (check no. 8109) for personal use. Purchased $25 worth of supplies using petty cash voucher no. 102. Paid the newspaper carrier $15 using petty cash voucher no. 103. Paid the amount due on the August phone bill, $35 (check no. 8110). (Recorded on Sept. 20) 2 4 5 6 7 8 12 16 17 Paid the amount due on the August electric bil, $85 (check no. 8111) (Recorded on Sept. 22) Performed computer services for Phit's Photography; billed the dlient $5,400 (invoice no. 12675). 22 Paid $20 for computer paper using petty cash voucher no. 104. Took $15 out of petty cash for lunch, voucher no. 105. 23 30 81 Replenished the petty csh, Coin and curency in drawer total $185. Recause Thad was so busy trying to close his books, he forgot to reconcile his last T&Banking Procedures and Control of Cash months of bank statements. A list of all deposits and checks written for the past hr months (each entry is identified by chapter, transaction date, or transaction let er) and the bank statements for July through September are provided. The statement for October won't arrive until the first week of November. Assignment Record the transactions in general journal and auxiliary petty cash record. Post the transactions to the general ledger accounts. 3. Prepare a trial balance. Compare the Smith Computer Center's deposits and checks with the bank state ments and complete a bank reconciliation as of September 30, 20x. Smith Computer Center Summary of Deposits and Checks Deposits Chapter Transaction Payor/Payee Thad Feldman Cash customer Phil's Photography Cash customer Cash customer Tonya Parker Jones Lilly Life Erin Caffrey Howard Trale $6,000 800 500 1,300 420 150 1,700 750 Sept. 2 Sept. 6 Sept. 26 Checks Payor/Payee Amount $1,800 3,300 500 175 450 150 Chapter Transaction Check # A-Tech, Inc. Bertha and Pac Furniture, Inc. 8095 8096 8097 Chapin Corp. 8098 8099 8100 8101 8102 8103 8104 8105 8106 8107 Thad Feldman Insurance Protection, Inc. The Staple Store Computer Edge Magazine San Diego Electric U.S. Postmaster Chapin Corp Pacific Bell USA Computers R Us A-Tech, Inc. 75 70 1,500 Sept.1 Sept. 8 Sept. 15 Sept. 17 300 2,100 APTER 6 Banking Procedures and Control of Cash Bank Statement First Union Bank 322 Glen Ave. Escondido, CA 92025 Statement Date: July 22, 201x Smith Computer Center Deposits and Credits: Checks Paid: Amount Date received 1,800.00 7-1 Number 8095 8096 8097 Date paid 6,000.00 800.00 7-7 7-15 3,300.00 7-10 500.00 7-20 7-21 600.00 $9,200.00 otal Deposits Total 3 checks paid for $5,600.00 Ending balance on July 22-$3,600.00 Received statement July 29, 201x. Bank Statement First Union Bank 322 Glen Ave. Escondido, CA 92025 Smith Computer Center Statement Date: August 21, 201x Deposits and Credits: Checks Paid: Date paid 8-2 8-3 8-10 8-15 8-20 Total 5 checks paid for $1,750.00 Amount 1,300.00 Number 8098 8099 8100 8101 8102 Amount Date received 175.00 8-12 450.00 150.00 900.00 75.00 Total Deposits $1,300.00 Beginning balance on July 22-$3,600.00E Ending balance on August 21-$3,150.0 Received statement August 27, 201x. Bank Statement First Union Bank 322 Glen Ave. Escondido, CA 92025 Smith Computer Center Statement Date: September 30, 201X Checks Paid: Deposits and Credits: Date paid Number 8103 8104 8105 Amount Date received 70.00 9-4 1,500.00 9-7 420.00 9-12 Total 3 checks paid for $1,650.00 Beginning balance on August 21 $3,150.00 Received statement September 30, 201X. 80.00 9-14 1,700.00 Total Deposits Ending balance on September 30 3,770.00