1.) Type the general journal entries for the following transactions for

Zoe Co. in the space provided in the box. Use the format of the general journal, which I

have copied and pasted. Skip a line between each transaction and indent all credit

account title(s). Please note that American Express and Visa use different expense

accounts for the charges. (3 pts. per transaction)

July 27 Sold $4,000 of merchandise, on account, on the Zoe Co. credit card.

July 28 Sold $2,500 of merchandise on American Express credit card. American Express charges a 3% fee.

July 29 Sold $3,000 of merchandise on a Visa credit card. First bank charges a 2 % service fee.

August 5 Received the correct amount due from American Express.

August 27 Received $1,500 on the Zoe Co. credit card sales.

August 31 Charged customer 2% interest on any unpaid balance, using ordinary interest for 30 days.

2.) Prepare a bank reconciliation for Hines Co., in good form, for the month of May for the current year below.

1. The bank statement balance is $7,051

2. The general ledger shows a cash balance of $3,130.

3. Deposits in transit are $490.

4. Outstanding checks are as follows: #2348 in the amount of $360, and #2356 in the

amount of $245.

5. A collection of a note receivable in the amount of $4,000, which included $75 interest,

and a $30 collection fee.

6. The bank charged a $15 service fee.

7. A check issued for supplies in the correct amount of $76, but was recorded and posted

to the general ledger as $67.

8. A check in the amount of $10 was marked NSF.

9. A check was deducted from Hines Co., in the amount of $205, however, the check

should have been deducted from Graves Companys checking account. Graves

Company is not affiliated with Hines Co.

3.) Record the establishment of a $200 change fund on June 1st. Please note, an example general journal has been provided, but you cannot type directly into it. Be sure to skip a line between each transaction. Record the following transactions:

June 1 Record the establishment of the fund.

2 Cash register tape showed cash sales of $1,002, and there was $$999 cash to be deposited.

3 Cash register tape showed cash sales of $675, and there was $680 cash to be deposited.

4 Decreased the change fund to $150.00.