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Bank Reconciliation? Journal Entries: Prepare the adjusting entry required, if any, related to the July 31 cash balance. Prepare the adjusting entry required, if any,
Bank Reconciliation?
Journal Entries:
- Prepare the adjusting entry required, if any, related to the July 31 cash balance.
- Prepare the adjusting entry required, if any, related to the outstanding checks.
- Prepare the adjusting entry required, if any, related to Check No. 3056.
- A credit memorandum enclosed with the July bank statement indicates the bank collected $5,500 cash on a non-interest-bearing note for Branch, deducted a $28 collection fee, and credited the remainder to its account. Branch had not recorded this event before receiving the statement. Prepare the adjusting entry required, if any.
- A debit memorandum for $805 lists a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. Prepare the adjusting entry required, if any.
- Enclosed with the July statement is a $8 debit memorandum for bank services. It has not yet been recorded because no previous notification had been received. Prepare the adjusting entry required, if any.
- Prepare the adjusting entry required, if any, related to the July 31 cash balance.
- Prepare the adjusting entry required, if any, related to the outstanding checks.
- Prepare the adjusting entry required, if any, related to Check No. 3056.
- A credit memorandum enclosed with the July bank statement indicates the bank collected $5,500 cash on a non-interest-bearing note for Branch, deducted a $28 collection fee, and credited the remainder to its account. Branch had not recorded this event before receiving the statement. Prepare the adjusting entry required, if any.
- A debit memorandum for $805 lists a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. Prepare the adjusting entry required, if any.
- Enclosed with the July statement is a $8 debit memorandum for bank services. It has not yet been recorded because no previous notification had been received. Prepare the adjusting entry required, if any.
- Branchs July 31 daily cash receipts of $6,652 were placed in the banks night depository on that date, but do not appear on the July 31 bank statement. Prepare the adjusting entry required, if any.
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