need help journalizing the entries related to bank reconciliation and all adjusting entries please. let me know if needed to provide more information
1. The company reconciles its bank statement every quarter. Information from the December 31, 2021, bank reconciliation is: 12/30/2021 $5,500 Deposit in transit: Outstanding checks #440 3,300 #452 400 #453 900 #454 5,870 The bank statement received for the quarter ended March 31, 2022, is as follows: $27,670 176.900 Beginning balance per bank Deposits: 1/2/2022,85,500; 2/2/2022. $8,400; 3/30/2022, 5163,000 Checks: #452, 5400 #453, 5900: #457,516,320 #458, 595,500 Debit memo: Bank service charge (record as operating expense) (113,120) (100) Ending bank balance $91,350 2 3. Record revenue earned from item 1 above. $22.800 of accounts receivable at March 31, 2022, are not past due yet. The bad debt percentage for these is 4%. The balance of accounts receivable are past due. The bad debt percentage for these is 26,00%. Record bad debt expense. (Hint: You will need to compute the balance in accounts receivable before calculating this:) 4. Depreciation is recorded on the equipment still owned at March 31, 2022. The new equipment purchased in February is being depreciated on a straight-line basis over 5 years and salvage value was estimated at $1,200. The old equipment still owned is being depreciated over a 10-year life using straight-line with no salvage value. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $13,000. Amortization is recorded on the patent. 5. 6. 7. The income tax rate is 30%. This amount will be paid when the tax return is due in April. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) Balance Per Bank 91350 Add : Deposits in Transit 1900 Less : Outstanding Checks 440 3300 #454 5870 N455 2750 9000 #456 20920 $ 72330 Adjusted Balance Per Bank 20920 i Adjusted Balance Per Bank $ 72330 Balance Per Books 72430 Less Bank Service Charge 100 Adjusted Balance Per Books $ 72330 eTextbook and Media List of Accounts Attempts: 1 of 3 used Journalize entries related to bank reconciliation and all adjusting entries. (Credit account tities are automatically Indented when the 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. Round answers to decimal places, eg. 5,275.) No. Date Account Tities and Explanation Debit Credit 1. 3/31/2022 2. 3/31/2022 3. 3/31/2022 4. 3/31/2022 4. 3/31/2022 | 5. 3/31/2022 6. 3/31/2022 7. 3/31/2022