Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help with the ones i got wrong! Bank reconciliation and entries begin{tabular}{|l|l|l|l|l|l|} hline Instructions Chart of Accounis & Labels and Amount Descriptions hline
please help with the ones i got wrong!
Bank reconciliation and entries \begin{tabular}{|l|l|l|l|l|l|} \hline Instructions Chart of Accounis & Labels and Amount Descriptions \\ \hline \end{tabular} Bank Reconcilliation I Eenaral joumal stadernent and the accomparying canceled checks and memos with the recorde reveded tho following reconciing itema: a. Crecks outstancing totaled $31.540. b. A deposit of 510,000 , represerting receicts of tune 30 . had been made too late to appear on the bank statemert. c. The bank collected $24,075 in a $22.500 note, includeng irterest of $1,575. d. A check for 51 . 700 returned with the statemeet had been incortectly recorded by Pala Medical Co as 5170 . The check was for the payment of m obligation to Sikytre Supsply Co lor a purchase on account. e. A check drawn for $290 had been erroneduly charged by the bavik as $920. t. Bark service charges for June amourted to 570 Pequired: 1. Prepare a bars reconcilason. 2. Joumakte the recessay enties Hn does srading mork Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started