Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Marigold Corp. Bank Reconciliation July 31, 2022 Cash balance per bank statement $ 9683 Add Deposits in transit 3160 12843 Less Outstanding checks 1198 i
Marigold Corp. Bank Reconciliation July 31, 2022 Cash balance per bank statement $ 9683 Add Deposits in transit 3160 12843 Less Outstanding checks 1198 i Adjusted cash balance per bank $ 11645 Cash balance per books $ 9704 Add Electronic funds transfer received 1976 11680 Less Bank service charge 35 i Adjusted cash balance per books $ 11645 (b) Journalize the adjusting entries at July 31 on the books of Marigold Corp.. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To record the collection of accounts receivable.) July 31 (To record the bank service charge.) eTextbook and Media
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started