Need help with these questions filled in one chart bank reconciliation and adjustments. the 1st image i sent
need help with bank reconciliation questions journal entries in petty cash Questions
Adjusted book balance D H Each answer is worth 1 point. For journal entries, each line of the entry is worth 1 point, which includes the description 3 Bank reconciliation and adjustments Question 10 11 Background: The following Information available to reconcile Branch Company's book balance of cash with its bank Matement cash balance as of Moly 1 15 11 te a. Only 31, the company's Cash account has a $27.297 debit balance, but its Julybank statement shoes a $27,233 each balance b. Check No, 2031 for $1.482 and Check No. 000 for it were outstanding on the line bank recordation Checosisted with the canceled checks, but Check No. 1 is not Also, Check No. 06 for $382 und Check No 2009 for $2,281, both written in July, are not among the canceled checks on the statement de comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 106 for ruly rent expense was correctly written and drawn for $1.220 but was roneously entered in the counting records as $1,230 e. They bank statement shows the bank collected S8.000 cash on a noninterest bearing note for Branch, Geducted a collection expente, and credited the remainder to its account. Branch had not recorded this event before recering the statement The bank statement shows in charge for a $795 NSF check plus a $10 NSF charge. The check had been received from austomer, Evan Show. Branch has not yet recorded this check as NSF. & The July statement shows a $25 bank service charge. It has not yet been recorded in maneous expenses because no previous notification had been received Brandy's ly daily cash receipts of $11.514 were placed in the bank's neht depository on that date but do not appear on the luy bank itement 20 Required: Part 1. Prepare the bank reconciliation for Branch company as of July 31, 2017 11 Bank statement balance 27457 14 31 deposit oly31 57. 36 22 BRANCH COMPANY Blank Renato July 11. 2017 27233 Book balance Add: pocendole less $11516 collection de 11.514 38,747 Deduct: 1482 NSFcheck tee service change 2.261 Hoe (check 3056) Adpusted book $34602 balance 35452 39 40 41 Deduct Check 2001 Check No 3065 Check No 3069 B5 25 20 Adjusted bank balance 34602 43 45 35 Dont forget Bank Reconciliation Baker Johannes t) 44 ede She B D H Cash Control Operations Each answer is worth 1 point. For journal entries, each line of the entry is worth I point, which includes the description ont Bank reconciliation -- Journal Entries Required: Part 3b. Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31, 2017 Required: Include a description for each journal entry Cash Control Operations M Each answer is worth 1 point. For journal entries, each line of the entry is worth 1 point, which ineludes the description 4 Petty Cash Background Palmona Co. establishes a $170 petty cash fund on January 1. On January 8, the fund shows $99 In cash along with receipts for the following expenditures: Expenditures: Postage. $46; office supplies, $14: delivery expenses, $16; and miscellaneous expenses, $3s. Required: Part 1. Prepare journal entry to establish the petty cash fund on January 1 Part 2. Prepare the journal entry to reimburse the petty cash fund on January Part 3. Prepare the journal entry to reimburse the petty cash fund and increase it to $220 on January 8, assuming no entry in part 2. (Hint: Make two separate entries for part 3 -- one to reimburse and one to increase.) Required: Include a description for each journal entry
