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Domingo Company started its business on January 1, 2019. The following transactions occurred during the month of May. A. The owners invested $11,000 from their
Domingo Company started its business on January 1, 2019. The following transactions occurred during the month of May. A. The owners invested $11,000 from their personal account to the business account. B. Paid rent $700 with check #101. C. Initiated a petty cash fund $600 with check #102. D. Received $1,100 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,500, paid $1,250 with check #104, and will pay the remainder in 30 days, G. Received $800 cash for services rendered, H. Paid wages $600, check #105. 1. Petty cash reimbursement office supplies $256, maintenance expense $108, postage expense $79, miscellaneous expense $57. Cash on hand $109. Check 106. 1. Increased petty cash by $30, check #107. Domingo Company received the following bank statement Bank Statement $0 Checks Beginning balance Deposits A $11,000 D. 1,100 101 $700 102 600 103 158 106 491 Bank service charges 100 Total 12.100 2.049 Domingo company received the following bank statement. Bank Statement Beginning balance $0 0 Deposits Checks A. $11,000 101 $700 D. 1,100 102 600 103 158 106 491 Bank service charges 100 Total 12,100 2,049 Ending balance $10,051 Prepare the bank reconciliation. Prepare the bank reconciliation. Domingo Company Bank Reconciliation Bank Statement Balance at (date) $ Add: Deposits in Transit Less: Outstanding Check #104 Outstanding Check #105 Outstanding Check #107 $ Adjusted Bank Balance Book Balance at (date) FA Less: Bank Service Charges Adjusted Book Balance
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