Please answer every answer
SCOTS FEDERAL CREDIT UNION Account Number 8900-14-124-106 Statement of Account r 31, 20XX BALANCE LAST STATEMENT Checks and Other Deposits aned BALANCE THIS STATEMENT Debits Other Credits No. Total No.Total $22,866.00 12 $18,607.00 5 $48,762.00 $53,021.00 Daily Balande $22,866.00 Date 12/1/20XX 12/3/200. 12/7/20XX 12/9/200. Checks Cleared Deposits Made Other Transactions caps lock Check #150 Check #151 Check #154 Check $480.00 $10,000.00 S32,386.00 $1,250.00 $1,200.00 $12,500.00 $1,000.00 $3,000.00 $30,086.00 $28,836.00 $40,136.00 $39,136.00 $36,136.00 $50,636.00 12/12/20XX #152 12/16/20 X Check #153 12/17/20XX Check #155 12/18/20XX Check #156 12/19/20XX Check #157 12/20/20XX Check #158 $500.00 15,000.00 $1,200.00 $49,436.00 ENVY NSF check (S 262) EFT deposit $1,000 Service Charge (S 15) $48,174.00 $59,436.00 $53,021.00 12/24/20XX $10,262.00 12/28/2030. Check #160 $6,400.00 Fidos Food Mart-T Account CASH $22,866.00 BB12/1/20XX Check #150 Check #1 51 $480.00 $2,300.00 $1,200.00 $1,000.00 $1,250.00 $3,000.00 $500.00 $1,200.00 $1,000.00 5600.00 $6,400.00 $1,100.00 $700,00 $1,125.00 $10,000.00 |Check #152 Check #153 Check #154 Check #155 Check #156 Check #157 Check #158 Check #159 Check #160 Check #161 Check #162 | Check #163 $12,500.00 $15,000.00 $10,262.00 $3,000.00 $4.500.00 $56.273.00 EB12/31/20X The bank statement arrived in the mail. Now, the accountant has to complete the following tasks: equired: 1. Reconcile the bank statement with the Cash T-Account. See the worksheets provided at the end of this project Record the journal entry to show the changes that need to be made to the Cash T-account. Show the balancing effects on the accounting equation b. Record the adjusting journal entry in two-line format using a debit and a credit c. Show T-Accounts with beginning balances, transactions, and end balances 3. Calculate the change in cash for the month of December. pare a new Adjusted Trial Balance and highlight the accounts and amounts changed 5. Using the Updated Trial Balance prepared in step 4, prepare the following a. Multi-Step Income Statement b. c. Statement of Retained Earnings Classified Balance Sheet Project #11: Bank R Scots Federal Credit Union For the Month of December 20XX Balance Per Bank Statement Plus: Deposits in Transit Less: Outstanding Checks Adjusted Bank Balance Project #11-Bank Fido's Food Market General Ledger for the Month of December 20xx Unadjusted T-Account Balance Plus: Credits Previously Not Recorded Less: Debits Previouslly Not Recorded Adjusted Book Balance Note: When reconciled, both the Adjusted Bank and the Adjusted Book Balances will agre Change in Cash The Beginning of the month balance Compared to the end of the montlh Adjusted Balance Equals Change in Cash Note: The Change can be an increase in cash, or a decrease in cash for the period
