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A Record the interest earned on May 17. B Record the entry for NSF cheque noted on May 22. C Record the bank service charges
A Record the interest earned on May 17. B Record the entry for NSF cheque noted on May 22. C Record the bank service charges incurred on May 31. Note : = journal entry has been entered Record entry Clear entry 2. Prepare any joumal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) View transaction list Journal entry worksheet Record the entry for EFT by Cadieux Company customer. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal 3. What should the balance in the Cash account be after recording the journal entries in requirement 2? Cash balance 4. If the company also has $400 of cash on hand (recorded in a separate account), what total amount of cash should the company report on the September 30 balance sheet? Cash balance Required: Calculate the missing information for each of the following independent cases: (Enter all amounts as positive values.) Ending Ending Cases Beginning Inventory Inventory (as counted) Shrinkage S Cost of Inventory Purchases Goods Sold (perpetual system) S 1.250 S 520 1.350 260 940 4 20 835 980 320 210 420 315 535 640 260 D 310 Cycle Wholesaling sells merchandise on credit terms of 2/10,n/30. A sale for $800 (cost of goods sold of $500) was made to Sarah's Cycles on February 1. Assume Cycle Wholesaling uses a perpetual Inventory system. Required: 1. Prepare the journal entry Cycle Wholesaling would make to record the sale to Sarah's Cycles. (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View transaction list Journal entry worksheet Record the sales revenue Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 2 Prepare the journal entry to record the collection of the account, assuming It was collected in full on February 9. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction lat Journal entry worksheet Record the cash received on February 9. Note: Enter debits before credits Transaction General Journal Debit Credit
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