HELP PLEASE THIS IS ONE WHOLE EXERCISE!!!

Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Questions O X Instructions Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of June 30, 20Y2, have been taken from various documents and records and are reproduced as follows. The sources of the data are printed in capital letters. All checks were written for payments on account. CASH ACCOUNT: Balance as of June 1 $9,317.40 CASH RECEIPTS FOR MONTH OF JUNE $9,223.76 DUPLICATE DEPOSIT TICKETS: Date and amount of each deposit in June: Date Date Amount Date Amount Amount $1,080.50 June 1 June 10 $996.61 June 22 $897.34 3 854.17 15 882.95 24 94721 8 840.50 17 1,606.74 30 1.117.74 CHECKS WRITTEN: Number and amount of each check issued in Juno: Amount Check No. Check No. Amount Amount Check No. 740 $237.50 747 Void 754 $449.75 Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Journal Bank Reconciliation Final Questions Instructions CHECKS WRITTEN: Number and amount of each check issued in June: Amount Check No. Check No. Amount Amount Check No. 740 $237.50 747 Void 754 $449.75 741 495.15 748 $450.90 272.75 755 742 501.90 749 640.13 756 113.95 743 761.30 750 276.77 757 407.95 506.88 744 751 299.37 758 259.60 745 117.25 752 537.01 759 901.50 298.66 380.95 486.39 746 753 760 Total amount of checks issued in June: $8,395.66 BANK RECONCILIATION FOR PRECEDING MONTH: Beoler Furniture Company Instructions Beeler Furniture Company Bank Reconciation May 31, 2042 $9,447.20 $690.25 4 1 Cash balance according to bank statement 2 Adjustments: Deposit for May 31 not recorded by bank Outstanding Check No. 731 5 Outstanding Check No.736 Outstanding Check No.738 7 Outstanding Check No.739 Total adjustments . Adjusted balance (162.15) (345.95) (25110) (60.55) 6 (129.80) $9,31740 10 11 Cash balance according to company's records $9,352.50 12 Adjustments: 13 Bank service charges (35.10) Instructions 12 Adjustments: 13 Bank service charges (35.10) 14 Adjusted balance $9,31740 Refer to the June Bank Statement Required: 1. Prepare a bank reconciliation as of June 30, 20Y2. If errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales. All checks are written to satisty accounts payable. Refer to the Amount Descriptions Nst provided for the exact wording of the answer choices for text entries. Round your answers to two decimal places. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places. 3. What is the amount of Cash that should appear on the balance shoot as of June 30, 20Y2? 4. Assume that a canceled check for $390 has been incorrectly recorded by the bank as $930. Briefly explain how the error would be included in a bank reconciliation and how it should be corrected. Chart of Accounts CHART OF ACCOUNTS Beeler Furniture Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 181 Land 191 Office Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment hart of Accounts 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment LIABILITIES 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends 313 Income Summary ons Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Qu Amount Descriptions Amount Descriptions Adjusted balance Check returned because of insufficient funds Deposit of June 30, not recorded by bank Error in recording Check No. 743 Error in recording June 10 deposit Error in recording June 24 deposit Interest Principal Proceeds of note collected by bank: Principal Proceeds of note collected by bank: Interest Service charges Total adjustments Outstanding Check No. 738 Outstanding Check No. 756 Outstanding Check No. 758 Outstanding Check No. 759 Bank Reconciliation 1. Prepare a bank reconciliation as of June 30, 2072. I errors in recording deposits or checks are discovered, assume that the errors were made by the company. Assume that all deposits are from cash sales All checks are written to satisfy accounts payable. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Round your answers to two decimal places. (Note: For those boxes in which you must enter subtracted or negative numbers use a minus sign.) Beeler Furniture Company Bank Reconciliation June 30, 2012 1 Cash balance according to bank statement ? Adjustments 3 4 5 6 7 8 Bank Reconciliation 6 7 8 9 10 11 Cash balance according to company's records 12 Adjustments: 13 14 15 16 17 11 19 21 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of account bitles. Round your answers to two decimal places. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DEBIT CREDIT ASSETS LUBILITIES EQUITY 1 2 5 4 $ 6 1 8 Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Questions = Final Questions 3. What is the amount of Cash that should appear on the balance sheet as of June 302 4. Assume that a canceled check for $390 has been incorrectly recorded by the bank as $930. Select how the error would be included in a bank reconciliation and how it should be corrected Treatment: Deduction from cash per company's records O Addition to cash per company's records Not included in a bank reconciliation Deduction from cash per bank statement Addition to cash por bank statement To correct: lumalize an entry adding to cash Final Questions Deduction from cash per company's records Addition to cash per company's records Not included in a bank reconciliation O Deduction from cash per bank statement O Addition to cash per bank statement To correct: Journalize an entry adding $540 to cash O Request that the bank correct the error O Journalize an entry deducting $930 from cash O Journalize a correcting entry adding $930 to cash Journalize an entry deducting $540 from cash Deduct from the amount of bank service charges