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I need help to fill for B Its not Miscellaneous Expenses or Bank Service. I NEED HELP WITH C) CASH TO BE REPORTED IN THE
I need help to fill for B Its not Miscellaneous Expenses or Bank Service. I NEED HELP WITH C) CASH TO BE REPORTED IN THE AUGUST 31 BALANCE SHEET
Martinez Company has just received the August 31, 2020, bank statement, which is summarized below. The general ledger Cash account contained the following entries for the month of August. Deposits in transit at August 31 are $4,017, and checks outstanding at August 31 total $1,110. Cash on hand at August 31 is $328. The bookkeeper improperly entered one check in the books at $147 which was written for $165 for supplies (expense); it cleared the bank during the month of August. Prepare a bank reconciliation dated August 31,2020 , proceeding to a correct balance. MARTINEZ COMPANY Bank Reconciliation, August 31, 2020 County National Bank Balance per bank statement, August 31, 2020 \( \$ \longdiv { 8 5 4 9 } \) Add : Correct cash balance Balance per books, August 31, 2020 \( \$ \longdiv { 1 0 , 7 2 4 } \) 1,099 Less : Bank service charges Understated check for supplies Correct cash balance Prepare any entries necessary to make the books correct and complete. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 4 2 A 2 A 2Step by Step Solution
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