On January $2,20$x$1,$ Valentina's Beauty Supplies Incorporated issued Check $3100$ for $$300$ to establish a petty cash fund. On January

$31.$ Check $3159$ was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $$41$;

Delivery Expense, $$82$; and Miscellaneous Expense, $$17.$

Required:

Indicate how these transactions would be recorded in a general journal.

Baxter Office Supplies received a bank statement showing a balance of $$67,855$ as of March $31,20$X$1.$ The firm's records showed a

book balance of $$69,469$ on March $31.$ The difference between the two balances was caused by the following items.

A debit memorandum for $$47,$ which covers the bank's collection fee a the note $($item $6).$

A deposit in transit of $$3,550.$

A check for $$245$ issued by another firm that was mistakenly charged to Baxter's account.

A debit memorandum for an NSF check of $$6,120$ issued by Watson Construction Company, a credit customer.

Outstanding checks: Check $3782$ for $$2,050$; Check $3840$ for $$148.$

A credit memorandum for a $$6,150$ noninterest$-$bearing note receivable that the bank collected for the firm.

Required:

Prepare a bank reconciliation statement for the firm as of March $31.$

Prepare the necessary journal entries for March $31,20$X$1$ from the statement.

On May $2,20$X$1,$ HPF Vacations received its April bank statement from First City Bank and Trust. Enclosed with the bank statement,

which appears below, was a debit memorandum for $$220$ that covered an NSF check issued by Doris Fisher, a credit customer. The

firm's checkbook contained the following information about deposits made and checks issued during April. The balance of the Cash

account and the checkbook on April $30,20$X$1,$ was $$3,011.$

Required:

Prepare a bank reconciliation statement for the firm as of April $30,201$

Record general journal entries for any items on the bank reconciliation statement that must be journalized.

Analyze:

Analyze: What checks remain outstanding after the bank statement has been reconciled?