Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

now is clear? Alhuda Holding company owns the following businesses Baylor Associates 2 Smart Learning and Consultation company Happiness Hotel You had to handle the

image text in transcribed
image text in transcribed
now is clear?
image text in transcribed
image text in transcribed
Alhuda Holding company owns the following businesses Baylor Associates 2 Smart Learning and Consultation company Happiness Hotel You had to handle the following transactions during February 2020- 1. Baylor Associates received the following bank statement on February 29, 2020 Beginning in Tel depol rechending once 5 po 17 Joe collectice 112 Deposit 142 1992 Ja ch Service 192 Khas Nube 101 fac 15 1300 Jan Poster debuties FT E.com WS Das 12 poe The cash account of Baylor Associates at February 29, 2020 follows. Cash 40 1 Additional data: Baylor deposits all cash receipts in the bank and makes all payments by check Requirements (1) - Prepare the bank reconciliation of Baylor Associates on February 29, 2020 Journalize the entries based on the bank reconciliation Alhuda Holding company owns the following businesses Baylor Associates 2. Smart Learning and Consultation company Happiness Hotel You had to handle the following transactions during February 2020: 1. Baylor Associates received the following bank statement on February 29, 2020: eginning balance Total deposits Total withdrawn service charges 4000 4715 5630 Tradium Eerals Date Aco Deposit 12 NO Deport 152 11700 EFT. collection of 172 fo 142 1100 interest N2 1115 harger Service charge Date 292 kchecks Number 101 100 103 Jan loro 400 11100 1 Other deductions EFTER NSF chak Dale 12 132 Am 200 XM The cash account of Baylor Associates at February 29, 2020 follows. Cash Ydb Bul. 400 19 12100 1.100 15 21 20 1,100 2,000 25 50 3,700 Additional data: Baylor deposits all cash receipts in the bank and makes all payments by check. Requirements (1) - Prepare the bank reconciliation of Baylor Associates on February 29, 2020. Journalize the entries based on the bank reconciliation. Alhuda Holding company owns the following businesses: 1. Baylor Associates 2. Smart Learning and Consultation company 3. Happiness Hotel You had to handle the following transactions during February 2020: 1. Baylor Associates received the following bank statement on February 29, 2020: Beginning balance Total deposits Total withdrawals Service charge Ending balance 4060 4715 75 3070 5630 Transactions Account 800 1700 Deposits Date Deposit 7/2 Deposit 15/2 EFT, collection of note 17/2 Deposit 24/2 Interest 29/2 1000 1100 115 Charges Service charge Date 29/2 account 75 Checks 1 Number 101 102 103 amount 3100 400 1100 2 3 Other deductions EFT Ez rent NSF check Date 1/2 13/2 Amount 200 830 The cash account of Baylor Associates at February 29, 2020, follows. Cash Feb 1 6 15 23 29 Bal 4,060 Feb 3 800 1,700 12 19 1,100 25 2,100 27 400 3.100 1.100 350 1050 Feb 29 Bal 3,760 Additional data: Baylor deposits all cash receipts in the bank and makes all payments by check. Requirements (1) Prepare the bank reconciliation of Baylor Associates on February 29, 2020. Journalize the entries based on the bank reconciliation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Quest For A Science Of AccountingAn Anthology Of The Research Of Robert R. Sterling

Authors: Thomas A. Lee, Peter W. Wolnizer

1st Edition

0367698196, 9780367698195

More Books

Students also viewed these Accounting questions

Question

=+For a different audience? In another tone of voice?

Answered: 1 week ago

Question

=+Can it illicit audience participation?

Answered: 1 week ago

Question

=+Create an open dialogue among users?

Answered: 1 week ago