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I need help asap! I give likes :)) The following errors were found when the new accountant at Coronado's Motors was preparing the April 30
I need help asap! I give likes :)) The following errors were found when the new accountant at Coronado's Motors was preparing the April 30 bank reconciliation. 1. 2. 3. On April 4, Coronado recorded a payment to his airplane motor supplier as $1,340.The correct amount of the cheque recorded by the bank was $1.430. On April 16, the bank withdrew a cheque from Coronado's account for $1,395. This cheque was not written by Coronado. On April 8. Coronado's daughter made a deposit at the bank for him for $5,350. The bank correctly recorded this deposit. Coronado posted the deposit for collection on accounts as $3,550. On April 20, the bank recorded a deposit as $4.925. The actual amount of the deposit was $7,925. The bank corrected the error on May 1 On April 24, the bank recorded cheque #42 for $752 as $725. The cheque had been issued to pay for shop rent. Coronado had correctly recorded the cheque in his books. On April 28, Coronado recorded a payment for supplies. He posted $2.675 to his books. The correct amount of the cheque recorded by the bank was $1,675. 4. 5. 6. Describe the impact of each of these items on the bank reconciliation Amount Journal Entry? Type of reconciling item $ 1. Yes No $ 2. $ 3. 4. $ 5. $ 6. Prepare the necessary journal entries to correct the accounts as you determined above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the above part.) Date Account Titles and Explanation Debit Credit
I need help asap!
I give likes :))
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