Question
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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