Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show in excel *E7-24 (Bank Reconciliation and Adjusting Entries) Angela Lansbury Company deposits all receipts and makes all payments by check. The following information

image text in transcribed

Please show in excel

*E7-24 (Bank Reconciliation and Adjusting Entries) Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. June 30 Bank Reconciliation Balance per bank Add: Deposits in transit Deduct: Outstanding checks Balance per books $ 7,000 1,540 (2,000) $ 6,540 Month of July Results Per Bank $8,650 5,000 4,000 1,000 15 335 Per Books $9,250 5,810 3,100 Balance July 31 July deposits July checks July note collected (not included in July deposits) July bank service charge July NSF check from a customer, returned by the bank (recorded by bank as a charge) Instructions (a) Prepare a bank reconciliation going from balance per bank and balance per book to correct cash balance. (b) Prepare the general journal entry or entries to correct the Cash account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Green Energy Audit Of Buildings A Guide For A Sustainable Energy Audit Of Buildings

Authors: Giuliano Dall’O’

2013 Edition

1447161726, 978-1447161721

More Books

Students also viewed these Accounting questions

Question

b. Determine the 95% confidence intervals for the parameters.

Answered: 1 week ago