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8 PART QUESTION, This is the question, and all the info is provided in the images below, Question: Wicked Wild Company rents canoes for use
8 PART QUESTION, This is the question, and all the info is provided in the images below,
Question: Wicked Wild Company rents canoes for use on local lakes and rivers and also carries and sells T-shirts with its logo printed on them. Wicked Wild Company has decided to open a new checking account at Mountian Man Bank during 2019. Wicked WIld Company's March Cash T-account for the new cash account from its general ledger is as follows:
Wicked Wild Company rents canoes for use on local lakes and rivers and also carries and sells T-shirts with its logo printed on them. Wicked Wild Company has decided to open a new checking account at Mountain Man Bank during March 2019. Wicked Wild Company's March Cash T-account for the new cash account from its general ledger is as follows: (Click the icon to view the T-account.) Wicked Wild Company's bank statement dated March 31, 2019, follows: E: (Click the icon to view the bank statement.) Read the requirements. Requirement 1. Prepare the bank reconciliation at March 31, 2019. Wicked Wild Company Bank Reconciliation for Mountain Man Bank Checking Account March 31, 2019 BANK ADD LESS: 0 . X Data Table Cash-Mountain Man Bank Checking Account Mar. 1 Balance 0 2 Deposit 40,000 900 Mar. 2 Ck#101 13 Deposit 3,300 4,700 4 Ck#102 20 Deposit 5,000 500 9 CK#103 27 Deposit 3,000 1,410 14 Ck#104 31 Deposit 3,150 1,600 21 CK#105 200 28 CK#106 100 30 CK#107 Mar. 31 Balance 45,040 Print Done Data Table 0 Beginning Balance, March 1, 2019 Deposits and other credits: Mar. 2 14 21 40,000 3,300 5,000 3,000 900 75 28 29 EFT T-shirt Ted* 52,275 25 31 Interest Revenue Checks and other debits: Mar. 2 EFT to Print Craze** 3 Ck#101 6 Ck#102 15 Ck#104 16 Ck#103 28 EFT to Wire Energy*** 29 Ck#106 900 4,700 1,410 500 310 200 60 31 Bank service charge (8,105) 44,170 $ Ending Balance, March, 31, 2019 T-shirt Ted is a customer making a payment on account. Print Craze is a company that prints business checks (considered a bank expense) for Wicked Wild Company. *** Wire Energy is a utility provider. Requirements -X 1. Prepare the bank reconciliation at March 31, 2019. 2. Journalize any transactions required from the bank reconciliation. 3. Compute the adjusted account balance for the Cash T-account, and denote the balance as End. Bal. Does the adjusted balance of the Cash T-account match the adjusted book balance on the bank reconciliation
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