Calculate the balance of cash using bank reconciliation

Ind Note: Enter debits before credits. Journal entry worksheet Record the amounts that decrease cash. Note: Enter debits before credits. a. The ending cash balance recorded in the bank statement is $8,990. b. Cash receipts of $1,000 from 2/262/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customer's check for $400 that cid not clear the bank (NSF check). e. Check 323 was written for $2,500 for advertising in February. The bank properly recorded the check for this amount f. An EFT withdrawal for Wilbur's February rent was made on February 4 for $1,200. 9. Debit card transactions include $4,820 for legal fees expense and $550 for entertainment expense, h. In January, one of Wibur's suppliers, Titanic Fabrics, borrowed $4,800 from Wilbur. On February 24 , Titanic paid $5,000 (\$\$4,800 borrowed amount plus $200 interest) directly to Academy Bank in payment for Januarys borrowing. 1. Academy Bank charged service fees of $140 to Wilbur's for the month. Required: 1. Prepare a bank reconciliation for Wilbur's checking account on February 28,2024. 2. Record the necessary cash adjustments. Problem 4-2A (Static) Prepare the bank reconciliation and record cash adjustments (LO4-5) Oscar's Red Carpet Store maintains a checking account with Academy Bank Oscar's setis carpet oach day but makes bank deposits only once per woek. The following provides information from the company's cash ledger for the month ending February 28,2024. Exercise 4-9 (Algo) Calculate the balance of cash using a bank reconciliation (LO4-5) Jackman Company's general ledger shows a cash account balance of $23,250 on July 31,2024 . Cash sales of $1,793 for the last three days of the month have not yet been deposited. The bank statement dated July 31 shows bank service fees of $47 and an NSF check from a customer of $270. The bank processes all checks written by the company by July 31 and lists them on the bank statement. except for one check totaling $1,380. The bank statement shows a balance of $22,520 on July 31 . Required: 1. Prepare a bank reconciliation to calculate the correct balance of cash on July 31,2024. 2. Record the necessary entry(ies) to adjust the balance for cash. Journal entry worksheet Note: Enter debits before credits. ind Record the amounts fot increase cash. Nobe: Enteer debils before credics. a. The ending cash balance recorded in the bank statement is $13,145. b. Cash receipts of $1,600 from 2/262/28 are outstanding. c. Checks 325 and 327 are outstanding. d. The deposit on 2/11 includes a customer's check for $200 that did not clear the bank (NSF check). e. Check 323 was written for $2,800 for advertising in February. The bank properly recorded the check for this amount. 1. An EFT withdrawal for Oscar's February rent was made on February 4 for $1,100. 9. Debit card transactions include $4,700 for legal fees expense and $400 for entertainment expense. h. In January, one of Oscar's suppliers, Titanic Fabrics, bortowed $6,000 from Oscar, On February 24, Titanic paid $6,270 (\$\$6,000 borrowed amount plus $270 interest) directly to Academy Bank in payment for January's borrowing 1. Academy Bank charged service fees of $125 to Oscar's for the month. Required: 1. Prepare a bank reconciliation for Oscar's checking account on February 28,2024 2. Record the necessary cash adjustments. Problem 4-2A (Algo) Prepare the bank reconciliation and record cash adjustments (LO4-5) Wibur's Red Corpet Store maintains a checking occount with Acaderny Bank. Wilbur's sells carpet each day but makes bank deposits only once per week. The following provides information from the company's cash ledger for the month ending February 28,2024 Information from Februarys bank statement and company records reveats the following additional informotion: Note: Enter debits before credits. Record the amounts that decrease cash. Note: Enter debits before credits. JACKMAN COMPANY Bank Reconciliation July 31,2024 \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Bank's Cash Balance } & \multicolumn{2}{c|}{ Company's Cash Balance } \\ \hline Per bank statement & & \\ \hline \end{tabular}