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please help with bank reconciliation! On January 1, Pulse Recording Studio (PRS) had the following account balances. The following transactions occurred during January. a. Received
please help with bank reconciliation!
On January 1, Pulse Recording Studio (PRS) had the following account balances. The following transactions occurred during January. a. Received $2,410 cash on 1/1 from customers on account for recording services completed in December. b. Wrote checks on 1/2 totaling $4,330 for amounts owed on account at the end of December. c. Purchased and received supplies on account on 1/3, at a total cost of $200. d. Completed $3,700 of recording sessions on 1/4 that customers had paid for in advance in December. e. Received $4,950 cash on 1/5 from customers for recording sessions started and completed in January. f. Wrote a check on 1/6 for $4,040 for an amount owed on account. g. Converted $1,060 of cash equivalents into cash on 1/7. h. On 1/15, completed EFTs for $1,480 for employees' salaries and wages for the first half of January. i. Received $2,760 cash on 1/31 from customers for recording sessions to start in February. Use the January 31 balance in Cash from General Ledger tab and the information (j)(n) to prepare a bank reconciliation. PRS's bank reported a January 31 balance of $5,740. On January 1, Pulse Recording Studio (PRS) had the following account balances. The following transactions occurred during January. a. Received $2,410 cash on 1/1 from customers on account for recording services completed in December. b. Wrote checks on 1/2 totaling $4,330 for amounts owed on account at the end of December. c. Purchased and received supplies on account on 1/3, at a total cost of $200. d. Completed $3,700 of recording sessions on 1/4 that customers had paid for in advance in December. e. Received $4,950 cash on 1/5 from customers for recording sessions started and completed in January. f. Wrote a check on 1/6 for $4,040 for an amount owed on account. g. Converted $1,060 of cash equivalents into cash on 1/7. h. On 1/15, completed EFTs for $1,480 for employees' salaries and wages for the first half of January. i. Received $2,760 cash on 1/31 from customers for recording sessions to start in February. Use the January 31 balance in Cash from General Ledger tab and the information (j)(n) to prepare a bank reconciliation. PRS's bank reported a January 31 balance of $5,740Step by Step Solution
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