Journalize the transactions that arise from Sheriff Security?Systems's bank reconciliation. Included in the bank balance was a collection of $650 on account from NicoleLee?, a Sheriff customer who pays the bank directly. Date each transaction August 31?, 2020?, and include an explanation with each entry.
Moss Hardware Store's accounting records (partial) carried the following accounts at November 30, 2020: 0 (Click the icon to view the financial data.) Required Note: For simplicity, all operating expenses have been summarized in the accounts Selling Expenses and General and Administrative Expenses. 1. Journalize all of this company's closing entries at November 30, 2020. The company uses the perpetual inventory system. 2. T-accounts for the Income Summary account and the J. Moss. Capital account have been set up for you. Post to these accounts and calculate their ending balances. One year earlier, at November 30, 2019, the Capital balance was $114,000. Requirement 1. Journalize all of this company's closing entries at November 30, 2020. The company uses the perpetual inventory system. First close the revenue accounts. (Record debits rst, then credits. Exclude explanations from journal entries.) Journal Entry Date November Next close the expense accounts. Journal Entry Date ||_| Credit Choose from any list or enter any number in the input fields and then continue to the next question. Journalize the transactions that arise from Sheriff Security Systems's bank reconciliation Included in the bank balance was a collection of $650 on account from Nicole Lee, a Sheriff customer wh - X ch entry. i (Click the icon to view the Bank Reconciliation Report Record the collection of $650 on entry table.) Sheriff Security Systems Bank Reconciliation Date Acco August 31, 2020 Aug. Bank Books Balance, August, 31, 2020 $ 3,865 Balance, August 31, 2020 $ 2,540 Add: Add: Deposit in transit 280 Bank collection 650 4,145 Interest revenue 20 Record the $20 of interest revenu 3,210 Less: Less: Date Acco Outstanding cheques 960 Service charge 25 Aug. Adjusted bank balance $ 3,185 Adjusted book balance $ 3,185 Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ?G Journalize the transactions that arise from Sheriff Security Systems's bank reconciliation. Included in the bank balance was a collection of $650 on account from Nicole Lee, a Sheriff customer who pays the bank directly. Date each transaction August 31, 2020, and include an explanation with each entry. 0 (Click the icon to view the bank reconciliation report.) Record the collection of $650 on account. (Record debits rst, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry I Accounts and Explanations _| v Accounts PayableNicole Lee Accounts ReceivableNicole Lee Bank Charges Expense Cash Record the $20 ofi Interest Revenue :balance. Salaries Expense Service Revenue W Aug. Choose from any list or enter any number in the input fields and then continue to the next question. Record the collection of $650 on acoount. (Record debits rst, then credits. Select the explanation on the last line of the journal entry table.) Choose from any list or enter any number in the input fields and then continue to the next question. Joumalize the transactions that arise from Sheriff Security Systems's bank reconciliation. Included in the bank balance was a collection of $650 on account from Nicole Lee, a Sherilf customer who pays the bank directly. Date each transaction August 31, 2020, and include an explanation with each entry. 0 (Click the Icon to View the bank reconciliation report.) | _ I :I Record the $20 of interest revenue that Sheriff earned on its bank balance. E Choose from any list or enter any number in the input elds and then continue to the next
