Part 4 (60 points) The following bank statement was reaived Price hark reconciliation for September Tank BNI To Vision Consulting in September 30, 2016 Cheq.ea Chugeable Deposit Credits dance 1485, SAD 11251 01.Sep G,30D 1.469.700 0619 34.000 143, en NSF Choque CG Sep 1.433,322 CA Rene 1 a29,90R 11252 10/Sep 569,000 1,160,120 153 3,149 1,182,977 18 op 27,000 1.100,977 A1254 19 Sep 11 en 1.170.377 11250 20 Sep 42,000 1.137.377 A1258 715,500 421,677 2015ep 106.655 57.432 A1250 28 7050 - 127,168 11259 30 Sep 49,00D -176.168 Survies Charge asup 700 -171.968 Additional Information: The NSF cheque was received in August to ABC Inc. for a sale dated August 15. Vision Consulting in Bank Rumiwion September 30, 2015 Back de Adst Bank wbunge Add Deduct Deduct Ostanding che : + +- adjusted bank balance Adjusted book balance | Precare the appropriate adjusting entries on Bestember 30, 2015. Hint: Some additional infomation is provided below but where dhe might you look to find der want to preparing the dusting entriek? It is estimated that sites used during September localed $17,200. Actual court af ending merchandisinen ryan Berember 30, 2015 wa $1.913028 Management estimates uncolectible accounts recevable based on the following rates of uncolectibilty applied to cutstanding accounts: Not yet duc 12) 1-30 days pasidue (9%), 31-60 days past due (108) Greater than 61 days pas due (37%). Since this is an estimate please round your final answer to the nearest whore dollar. Income ses are smalec to be $211,800 General Paper Jamal HIN Arauturista Flat Redt Debt RA Account Ex Parte Pere I F Debt Credit + - = -1 I. What is the next step in the accounting cycle? O Prepare desing entries O Analyze and journalce transaction O Prepare a post closing irl balance This is the last step O Post Tereschung Posicios ng entries O Prepare an undused trial balance Post adjusting entries O Prepare financial statements O Prepare an der ACR F Debit Cash Date Explanation 31/Aug Opening balance. 1/Sep Paid cash for rent 5/Sep Sold all store equipment for cash 8/Sep Received customer payment. 10/Sep Issued cheque for purchase 15/Sep Collection of interest 15/Sep Paid cash for salaries 18/Sep Issued shares.......... 19/Sep Paid invoice for office furniture 20/Sep Declared and paid dividends 23/Sep Paid invoice for merchandise 25/Sep Paid utility bill.... , 25/Sep Received customer payment ..... 28/Sep Paid invoice for merchandise 30/Sep Paid cash for salaries GJ1 GJ1 34,000 GJ1 396,606 GJ1 GJ1 3,049 GJ1 GJ2 27,000 GJ2 GJ2 GJ21 GJ2) GJ2 1,565,550 GJ2 GJ2 Account No. 101 Credit Balance 1,465,560 5,800 1,459,760 1,493,760 1,890,366 669,000 1,221,366 1,224,415 49,000 1,175,415 1,202,415 11,600 1,190,815 42,000 1,148,815 715,500 433,315 21,500 411,815 1,977,365 705,600 1,271,765 49,000 1,222,765 F F Debit Accounts Receivable Date Explanation 31/Aug Opening balance.... 1/Sep Dylex Corporation : Sold merchandise on credit 8/Sep Dylex Corporation : Received customer payment. 16/Sep Dylex Corporation : Sold merchandise on credit 22/Sep Barton Corporation : Sold merchandise on credit 25/Sep Dylex Corporation : Received customer payment 29/Sep Callaho Inc. : Wrote off uncollectible account GJ1 404.700 GJ1 GJ1l 1,597,500 GJ2 937,200 GJ2l GJ2 Account No. 106 Credit Balance 157,600 562,300 404,700 157,600 1,755,100 2,692,300 1,597,500 1,094,800 157,600 937,200 F F Debit Credit Allowance for Doubtful Accounts Date Explanation 31/Aug Opening balance 29/Sep Wrote off uncollectible account Account No. 107 Balance 18,912 -138,688 GJ2l 157,600 Interest Receivable Explanation F Debit Credit Date 31/Aug Opening balance 15/Sep Collection of interest Account No. 109 Balance 145 0 GJ1 145 Notes Receivable Explanation F Debit Credit Date 31/Aug Opening balance 15/Sep Collection of interest Account No. 111 Balance 69,500 66,741 ....... GJ1 2,759 F Debit Merchandise Inventory Date Explanation 31/Aug Opening balance... 1/Sep Sold merchandise on credit............ 12/Sep Purchased merchandise 16/Sep Sold merchandise on credit............. 20/Sep Purchased merchandise on credit 22/Sep Sold merchandise on credit... 25/Sep Purchased merchandise inventory on credit 28/Sep Paid invoice for merchandise GJ1 GJ1 715,500 GJ1 GJ2 720,000 GJ2 GJ2 320,400 GJ21 Account No. 119 Credit Balance 1,440,000 152,000 1,288,000 2,003,500 598,650 1,404,850 2,124,850 351,472 1,773,378 2,093,778 14,400 2,079,378 Prepaid Insurance Explanation F Debit Credit Date 31/Aug Opening balance Account No. 128 Balance 24,000 Credit Office Furniture Date Explanation 10/Sep Purchased furniture on credit 11/Sep Received a credit memorandum. F GJ11 GJ1 Debit 14,500 Account No. 157 Balance 14,500 11,600 2,900 F Debit Store Equipment Date Explanation 31/Aug Opening balance.... 5/Sep Sold all store equipment for cash Account No. 165 Credit Balance 82,000 82,000 0 GJ1 F Debit Credit Accumulated Depreciation, Store Equipment Date Explanation 31/Aug Opening balance.... 5/Sep Sold all store equipment for cash Account No. 166 Balance 47,713 0 GJ1 47,713