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Exercise 7-24 Waterway Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30
Exercise 7-24 Waterway Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation $14,000 Balance per bank 3,080 Add: Deposits in transit (4,000 Deduct: Outstanding checks $13,080 Balance per books Month of July Results Per Bank Per Books $17,300 $18,500 Balance July 31 11,620 July deposits 10,000 July checks 6,200 8,000 July note collected (not included in July deposits) 2,000 July bank service charge 30 670 July NSF check from a customer, returned by the bank (recorded by bank as a charge) Your answer partially correct. Try again. Prepare the general journal entry to correct the Cash account. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 2000 Cash 2000 Notes Receivable Miscellaneous Expenses 30 Cash 30 Open Show Work Click if you would like to Show Work for this question: SHOW LIST OF ACCOUNTS LINK TO TEXT
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