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Jim's Lawn Care Chapter 8 Transactions Using the following information, prepare a bank reconciliation for Jims Lawn Care for August 31, 2017: The bank statement

Jim's Lawn Care

Chapter 8 Transactions

Using the following information, prepare a bank reconciliation for Jims Lawn Care for August 31, 2017:

The bank statement balance is $4,010

The cash account balance is $4,207

Outstanding checks amounted to $517

Deposits in transit are $633

The bank service charge is $45

A check for $84 for supplies was incorrectly recorded as $48 in the ledger

On April 2nd, Granger Sales decides to establish a $125.00 Petty Cash Account.

Journalize this event.

On April 10th, the petty cash fund has receipts for mail and postage of $43.50, contributions and donations of $29.50, meals and entertainment of $38.25 and $13.55 in cash. Journalize the replenishment of the fund.

On April 11th, Granger Sales decides to increase petty cash to $200.00. Journalize this event.

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