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Mike Warren Company operates four bowling alleys. The business just received the October 31,2024 , bank statement from City National Bank, and the statement shows
Mike Warren Company operates four bowling alleys. The business just received the October 31,2024 , bank statement from City National Bank, and the statement shows an ending balance of $890. Listed on the statement are an EFT rent collection of $410, a service charge of $6, NSF checks totaling $80, and a $21 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $455 and a deposit in transit of $1,790. During October, the business recorded a $240 check by debiting Salaries Expense and crediting Cash for $24. The business's Cash account shows an October 31 balance of $2,138. Read the requirements. Requirement 1. Prepare the bank reconciliation at October 31. Prepare the bank portion of the reconciliation, followed by the book portion of the reconciliation. Requirements 1. Prepare the bank reconciliation at October 31 . 2. Journalize any transactions required from the bank reconciliation. Mike Warren Company operates four bowling alleys. The business just received the October 31,2024 , bank statement from City National Bank, and the statement shows an ending balance of $890. Listed on the statement are an EFT rent collection of $410, a service charge of $6, NSF checks totaling $80, and a $21 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $455 and a deposit in transit of $1,790. During October, the business recorded a $240 check by debiting Salaries Expense and crediting Cash for $24. The business's Cash account shows an October 31 balance of $2,138. Read the requirements. Begin with the EFT collection. Journalize the entry to correct the error. Requirements 1. Prepare the bank reconciliation at October 31. 2. Journalize any transactions required from the bank reconciliation. Journalize the adjustment for the NSF check. Mike Warren Company operates four bowling alleys. The business just received the October 31,2024 , bank statement from City National Bank, and the statement shows an ending balance of $890. Listed on the statement are an EFT rent collection of $410, a service charge of $6, NSF checks totaling $80, and a $21 charge for printed checks. In reviewing the cash records, the business identified outstanding checks totaling $455 and a deposit in transit of $1,790. During October, the business recorded a $240 check by debiting Salaries Expense and crediting Cash for \$24. The business's Cash account shows an October 31 balance of $2,138. Read the requirements. Requirements Journalize the charge for printed checks. (Do not record the bank service charges, that will be d 1. Prepare the bank reconciliation at October 31 . 2. Journalize any transactions required from the bank reconciliation. Journalize the service charges
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