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Please Correct answers only. ill recheck if wrong ill click unhelpful Problem 1: The following information was obtained regarding the April 30, 2021 bank statement

Please Correct answers only. ill recheck if wrong ill click unhelpful

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Problem 1: The following information was obtained regarding the April 30, 2021 bank statement and Cash account regarding Beavis Company: 1) Beavis's Cash T-account on April 30 showed a balance of $3,510 while the bank statement on that date showed the balance to be $5,540. 2) A check Beavis wrote to a creditor for $94 was incorrectly recorded in the cash payments journal as $49. 3) Outstanding checks totaled $760. 4) The April bank charges were $15. 5) A $470 deposit made by Beavis on April 30th was made too late to appear on the April bank statement. 6) The bank notified Beavis that a check for $400 received from a customer, Butthead Company, bounced. 7) The bank collected a note for Beavis from a customer, $2,200. The face value of the note was $2,000. REQUIRED: 1) Prepare the April 30th bank reconciliation. 2) Prepare the necessary correcting journal entries for Beavis. Problem 2: The following information pertains to Swift Company in 2020. April 1: Wrote off the account of the account of K. Perry, $920. June 1: Unexpectedly received a check from B. Eilish for $475. Filish's account was written off in 2017 and she owed $950 at the time. Dec. 31: Swift's 2020 net credit sales were $800,000. It is estimated that 4% of those sales will be uncollectible. Dec. 31: The balance in the Allowance for Bad Debt t-account showed a debit of $5,000 before adjustment. It is estimated that $29,000 will be uncollectible based on an aging analysis of the Accounts Receivable. REQUIRED: Prepare the journal for each of the four date scenarios above

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