Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Bank Reconciliation The bank reconciliation made by Winton, Inc., on August 3 1 showed: Deposit in transit of $ 5 , 1 2 0 Outstanding
Bank Reconciliation The bank reconciliation made by Winton, Inc., on August showed: Deposit in transit of $ Outstanding checks no $ no $ The reconciled cash balance on August was $ The following bank statement is available for September: Bank Statement TO Winton, Inc. September St Louis, MO STATE BANK Date Deposits No Date Charges Date Balance Sept. $ Sept. $ Aug. $ Sept. NSF SC Item codes EC: Error Correction DM: Debit Memo CM: Credit Memo SC: Service Charge OD: Overdraft RT: Returned Item IN: Interest Earned NSF: Nonsufficient Funds A list of deposits made and checks written during September is shown below: Deposits Made Checks Written Sept. $ No $ $ $ The Cash in Bank account balance on September was $ In reviewing checks returned by the bank, the accountant discovered that check No written for $ for advertising expense, was recorded in the cash disbursements journal as $ The NSF check written for $ which Winton deposited on September was a payment on account from customer D Walker. Required a Prepare a bank reconciliation for Winton, Inc., at September b Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation. Bank reconciliation Journal entries WINTON, INC. Bank Reconciliation September Answer Answer Answer Answer Answer Answer Add: Check No for Answer Answer recorded as Answer Answer Answer Less: Outstanding checks list in numerical order Less: NSF Check of D Walker Answer Check no Amount Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer
Bank Reconciliation The bank reconciliation made by Winton, Inc., on August showed:
Deposit in transit of $
Outstanding checks no $
no $
The reconciled cash balance on August was $
The following bank statement is available for September:
Bank Statement
TO Winton, Inc. September
St Louis, MO STATE BANK
Date Deposits No Date Charges Date Balance
Sept. $ Sept. $ Aug. $
Sept.
NSF
SC
Item codes EC: Error Correction DM: Debit Memo CM: Credit Memo
SC: Service Charge OD: Overdraft RT: Returned Item
IN: Interest Earned NSF: Nonsufficient Funds
A list of deposits made and checks written during September is shown below:
Deposits Made Checks Written
Sept. $ No $
$
$
The Cash in Bank account balance on September was $ In reviewing checks returned by the bank, the accountant discovered that check No written for $ for advertising expense, was recorded in the cash disbursements journal as $ The NSF check written for $ which Winton deposited on September was a payment on account from customer D Walker.
Required
a Prepare a bank reconciliation for Winton, Inc., at September
b Prepare the necessary journal entries to bring the Cash in Bank account into agreement with the reconciled cash balance on the bank reconciliation.
Bank reconciliation
Journal entries
WINTON, INC.
Bank Reconciliation
September
Answer
Answer
Answer
Answer
Answer
Answer
Add: Check No for Answer
Answer
recorded as Answer
Answer
Answer
Less: Outstanding checks list in numerical order Less: NSF Check of D Walker Answer
Check no Amount
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started