Answered step by step
Verified Expert Solution
Question
1 Approved Answer
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of March 31, 2019. The firm's record showed a book
DI Stefano Office Supply Company received a bank statement showing a balance of $67,655 as of March 31, 2019. The firm's record showed a book balance of $69,445 on March 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for $43, which covers the bank's collection fee for the note (item 6). 2. A deposit in transit of $3,350. 3. A check for $241 issued by another firm that was mistakenly charged to Di Stefano's account. 4. A debit memorandum for an NSF check of $6.100 issued by Wozniak Construction Company, a credit customer. 5. Outstanding checks: Check 3782 for $1,850: Check 3840 for $144. 6. A credit memorandum for a $5.950 noninterest-bearing note receivable that the bank collected for the firm. Prepare a bank reconciliation statement for the firm as of March 31. Prepare the necessary Journal entries for March 31, 2019 from th statement Complete this question by entering your answers in the tabs below. BONNE Bank Rec General Journal Prepare a bank reconciliation statement for the firm as of March 31 DI STEFANO OFFICE SUPPLY COMPANY
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started