Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

E7. 12 question a only on March ty cash box HKS700 note for Crane in July, plus interest HK$36. less fee HK$20. The collection recorded

image text in transcribed

E7. 12 question "a" only

on March ty cash box HKS700 note for Crane in July, plus interest HK$36. less fee HK$20. The collection recorded by Crane, and no interest has been accrued. 5. Bank collected has not been rece 6. Outstanding standing checks, July 31, HK$591. instructions 2. Prepare a ban h. Journalize the adju mount E7.12 (LO 3) The i re a bank reconciliation at July 31. the adjusting entries at July 31 on the books of Crane Video information below relates to the Cash account in the ledger of Wang Artworks Prepare ban adjusting er ince September 1 17,150; Cash deposited Y64,000. nce September 3017,404; Checks written-463,746. her bank statement shows a balance of 16,422 on September 30 and the following amounts in thousands). Balance Septen Balance September 30 The September bank memoranda. Collection of 2,500, rest earned on checking account Credits Debits y 500 note plus interest 30 2,530 NSF check: Richard Nance 425 45 Safety deposit box rent 65 wher 30. deposits in transit were 5,450, and outstanding checks totaled Y2,383. Como UOLSAS At September 30, den Instructions repare the bank reconciliation at September 30. rotan are the adjusting entries at September 30, assuming (1) the NSF check was from a customer on unt, and (2) no interest had been accrued on the note. Old inglise (103) The cash records of Dawes Ceramics show the following four situations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel

3rd Edition

0470377852, 978-0470377857

More Books

Students also viewed these Accounting questions

Question

Understand the purpose and methods of cross-cultural training

Answered: 1 week ago