Answered step by step
Verified Expert Solution
Question
1 Approved Answer
No need explanation. I just want to check my answer. Bourne National Bank Rio Mean Branch Bugna, Texas Date New Balance 2/2 Jake's Deli 8811
No need explanation. I just want to check my answer.
Bourne National Bank Rio Mean Branch Bugna, Texas Date New Balance 2/2 Jake's Deli 8811 2nd St. Bugna, Texas Checks and Other Withdrawals Old Balance in Order of Payment Deposits 6,900 130.00 190.00 170.00 350.00 660.00 670.00 900.00 NSF 310.00 1,700.00 1,200.00 610.00 10.00 SC 180.00 2/3 2/10 2/15 2/20 2/24 6,900 6,580 6,760 6,770 6,180 5,680 5,240 2/28 (NSF = nonsufficient funds; SC = service charge.) a. A deposit of $1,500 is in transit. b. Jake's Deli has an ending checkbook balance of $5,490. c. Checks outstanding: no. 111, $400; no. 119, $1,450; no. 121, $310. d. Fred Jacob's check for $900 bounced due to lack of sufficient funds. e. Bank service charge $10. (1) Complete the bank reconciliation for Jake's Deli. Start by preparing the book portion of the reconciliation and then complete the reconciliation by completing the bank portion. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Jake's Deli Bank Reconciliation as of February 28, 2017 Checkbook balance Bank balance Checkbook balance Bank balance Add: C Add: D Deduct: Deduct: Reconciled balance Reconciled balance (2) Journalize the appropriate entries as needed. (Record debits first, then credits. Exclude explanations from journal entries.) Fred Jacob's check for $900 bounced due to lack of sufficient funds. Journal Entry Account Titles PR Dr. Date Feb. - 28 Journalize the bank service charges. Journal Entry Date Account Titles PR Dr. Feb. 28Step 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