Mason Company deposits all receipts in the bank each evening and makes all payments by check. On November 30, its ledger balance of cash is $3,430.38. The bank statement balance of cash as of November 30, is $4,094.05. You are given the following information with which to reconcile the bank statement: a. A deposit of $601.70 was placed in the night depository on November 30 and did not appear on the bank statement. b. The reconciliation for October, the previous month, showed three checks outstanding on October 31: no. 728 for $176.20, no. 731 for $207.92, and no. 732 for $233.99. Check no. 728 and no. 731 were returned with the November bank statement; however, check no. 732 was not returned. c. Check no. 743 for $137.00, no. 744 for $114.15, no. 745 for $195.00, and no. 746 for $134.23 were written during November but were not returned by the bank. d. A $230 personal withdrawal by C. R. Mason, the owner, using an ATM, was not recorded. e. Included in the bank statement was a bank debit memo for service charges, $33. f. A bank credit memo was also enclosed for the collection of a note signed by O. L. Leland, $714.00, including $700.00 principal and $14.00 interest. Required: 1. Prepare a bank reconciliation as of November 30, assuming that the debit and credit memos have not been recorded. Round your answers to two decimal places. Mason Company Bank Reconciliation November 30, 20 Bank Statement Balance No. 732 No. 743 No. 744 No. 745 No. 746 Adjusted Bank Statement Balance Ledger Balance of Cash 00000 Adjusted Ledger Balance of Ca 2. Record the necessary entries in general journal form. If an amount box does not require an entry, leave it blank. DATE 20- GENERAL JOURNAL DESCRIPTION POST. REF. DEBIT PAGE CREDIT 746 for $134.23 were written during November but were not returned by the bank. d. A $230 personal withdrawal by C. R. Mason, the owner, using an ATM, was not recorded. e. Included in the bank statement was a bank debit memo for service charges, $33. f. A bank credit memo was also enclosed for the collection of a note signed by O. L. Leland, $714.00, including $700.00 principal and $14.00 interest. Required: 1. Prepare a bank reconciliation as of November 30, assuming that the debit and credit memos have not been recorded. Round your answers to two decimal places. Mason Company Bank Reconciliation November 30, 20 Bank Statement Balance No.732 No.743 No. 7447 No. 745 No. 746 Adjusted Bank Statement Ledger Balance of Cash 00000 Adjusted Ledger Balance of Cash 2. Record the necessary entries in general journal form. If an amount box does not require an entry, leave it blank. DATE Nov. 30 GENERAL JOURNAL DESCRIPTION POST. REF DEBIT Bank collected not signed by D. L. Leland Bara service and action charges Withdrawal from ATM not recone PAGE CREDIT == On March 1 of this year, Mills Company established a Petty Cash Fund, and the following petty cash transactions took place during the month: 4 9 16 Cashed check no. 314 for $200 to establish a Petty Cash Fund and put the $200 in a locked drawer in the office. Issued voucher no. 1 for taxi fare, $21.05 (Miscellaneous Expense). Issued voucher no. 2 for memo pads, $17.10 (Office Supplies). Paid $38.00 for an advertisement in a college basketball program, voucher no. 3. Bought postage stamps, $22.80, voucher no. 4 (Miscellaneous Expense). 30 Paid $25.05 to have snow removed from office front sidewalk, voucher no. 5 (Miscellaneous Expense). 25 Issued voucher no. 6 for delivery charge, $25.55. 28 29 R. C. Mills, the owner, withdrew $33 for personal use, voucher no. 7. Paid $6.30 for postage, voucher no. 8 (Miscellaneous Expense). 30 Paid $6.90 for delivery charge, voucher no. 9. 31 Issued for cash check no. 372 for $195.75 to reimburse Petty Cash Fund. Required: 1. Journalize the entry establishing the Petty Cash Fund in the general journal. GENERAL JOURNAL PAGE DATE DESCRIPTION DOC. NO. POST. REF DEBIT CREDIT Mar 1 Established Petty Cash Fund, Ok. No. 314. 2. Record the disbursements of petty cash in the petty cash payments record. Round your answers to the nearest cent. PETTY CASH PAYMENTS RECORD DISTR OFFICE DELIVERY 20- DATE VOUCHER Mar 1 PETTY CASH PAYMENTS RECORD DISTR OFFICE EXPLANATION SUPPLIES PAYMENTS DELIVERY EXPENSE Established fund C. No. 314, $200 4 Taxi fare 7 2 Memo pads 9 . Basketball programs 16 4 Postage stamps 20 5 Snow removal 25 6 Delivery charge 20 Withdrawal by 29 30 9 31 R. C. M Postage Delivery charge Totals Balance in Fund Reimbursed fund Ck. No. 372 Total 3. Journalize the summarizing entry to reimburse the Petty Cash Fund. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. DATE 20- Mar 311 GENERAL JOURNAL DESCRIPTION DOC. NO. POST. REF. DEBIT Reimbursed Petty Cash Fund, C. No. 372. PAGE CREDIT PETTY CASH PAYMENTS RECORD DISTRIBUTION OF PAYMENTS PAYMENTS OFFICE SUPPLIES DELIVERY EXPENSE MISC. EXPENSE OTHER ACCOUNTS ACCOUNT AMOUNT eimburse the Petty Cash Fund. If an amount ank. Round your answers to the nearest cent. RNAL OC. NO. POST. REF. DEBIT PAGE CREDIT Advertising Expense R.C.M Drawing Grace Felino, owner of Grace's Beauty Salon, makes bank deposits in the night depository at the close of each business day. The following information for the first four days of April is available. April 1 2 3 4 Cash register tape Cash count $417.85 $628,40 $648.25 $687.25 516.75 731.65 747.25 790.45 Required: In general journal form, record the cash deposit for each day, assuming that there is a $100 Change Fund. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent. DATE 20- Apr. 1 Apr. 2 Apr. 4 GENERAL JOURNAL PAGE DESCRIPTION DOC. POST NO. REF. DEBIT CREDIT To record revenue earned during the day involving a cash shortage of 1.10. To record revenue earned during the day involving a cash overage of $3.25. To record revenue earned during the day involving a cash shortage of $1.00. To record revenue earned during the day involving a cash overage of $3.20. ==