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13 S Help Save TB Problem 7-179 (Static) 7 The trgerald Company maintains a checking account at the Bank of the North. The bank provides

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13 S Help Save TB Problem 7-179 (Static) 7 The trgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2021, bank statement included the following information Balance, october 1, 2021 Deposits Checks processed Service charges NSF checks Monthly loan payment deducted directly by bank from account (includes $400 in interest Balance, October 31, 2021 $ 32,690 86.00 175,200 2350 (1,600 13,602 $ 39, 140 The company's general ledger cash (checking account had a balance of $42.544 at the end of October Deposits outstanding totaled $4.224, and all checks written by the company were processed by the bank except for those totaling $5,620. In addition, a check for $500 for the purchase of office furniture was incorrectly recorded by the company as a $50 disbursement. The bank correctly processed the check during October Required: 1. Prepare a bank reconciliation for the month of October 2. Prepare the necessary journal entries at the end of October to adjust the general ledger cash account, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the necessary journal entries at the end of October to adjust the peneral ledger cash account. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction or CE Mw Help Saw Complete this question by entering your answers in the tabs below. Required 1 Resuired 2 Prepare the necessary sournal entries at the end of October to adjust the general ledger cash account. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction that Journal entry worksheet Record the correction of error in cash disbursement, Me Enterdetits before credits General Journal Debit Credo Transaction + Mecord any Clear entry View general journal eBook Pro 5 # $ - 3 4 5 6 7 8 9 13 S Help Save TB Problem 7-179 (Static) 7 The trgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2021, bank statement included the following information Balance, october 1, 2021 Deposits Checks processed Service charges NSF checks Monthly loan payment deducted directly by bank from account (includes $400 in interest Balance, October 31, 2021 $ 32,690 86.00 175,200 2350 (1,600 13,602 $ 39, 140 The company's general ledger cash (checking account had a balance of $42.544 at the end of October Deposits outstanding totaled $4.224, and all checks written by the company were processed by the bank except for those totaling $5,620. In addition, a check for $500 for the purchase of office furniture was incorrectly recorded by the company as a $50 disbursement. The bank correctly processed the check during October Required: 1. Prepare a bank reconciliation for the month of October 2. Prepare the necessary journal entries at the end of October to adjust the general ledger cash account, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the necessary journal entries at the end of October to adjust the peneral ledger cash account. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction or CE Mw Help Saw Complete this question by entering your answers in the tabs below. Required 1 Resuired 2 Prepare the necessary sournal entries at the end of October to adjust the general ledger cash account. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction that Journal entry worksheet Record the correction of error in cash disbursement, Me Enterdetits before credits General Journal Debit Credo Transaction + Mecord any Clear entry View general journal eBook Pro 5 # $ - 3 4 5 6 7 8 9

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