Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I just messed up the numbers pies, 130 Help System Announcements CALCULATOR PRINTER VE Exercise 8-09 a-b Vaughn Wyatt is unable to reconcile the bank

image text in transcribed
image text in transcribedI just messed up the numbers
image text in transcribed
pies, 130 Help System Announcements CALCULATOR PRINTER VE Exercise 8-09 a-b Vaughn Wyatt is unable to reconcile the bank balance at January 31. Vaughn's reconciliation is as follows Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank $3,800.20 570 35 $4,335.20 Cash balance per books $4,115.20 Less: Deposits in transit 650 Add: Outstanding checks 940 Adjusted balance per books $4,405.20 Your answer is partially correct. Try again. Prepare a correct bank reconciliation. (List items that increase cash balance first. Round answers to 2 decimal places, ag. 52.7.) Vaughn Wyatt Bank Reconciliation * January 31 R Cash balance per bank statement 3820.2 Add Deposits in transit 660 x 4480.2 LOSS Outstanding checks 936 BIA 6.pdf Business Plan T...docx Business Plan T..docx Business Plan T.docx Vaughn Wyatt Bank Reconciliation January 31 Cash balance per bank statement 3820.2 Add Deposits in transit 660 4480.2 Less Outstanding checks 936 Adjusted cash balance per bank 3544.2 Cash balance per books 4135.2 Less NSF check 560 Bank service charge 31 591 Adjusted cash balance per books 3544.2 en 13 an 34 LINK TO TEXT Your answer is partially correct. Try again. 2 -b Journalize the entries required by the reconciliation. (Credit account titles are automatically indented w places, e.g. 52.75.) No. Account Titles and Explanation Debit Credit Y Study x 1. Accounts Receivable 560 Cash 560 (To record NSF check.) > 2. Bank Charge Expense 31 Cash 31 (To record bank service charge.) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT

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

Managerial Accounting An Introduction To Concepts Methods And Uses

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil, Sidney Davidson

7th Edition

0030259630, 978-0030259630

More Books

Students also viewed these Accounting questions