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Please someone help , this is a quiz from my class that I need the correct answers too On November 12, A company purchase 15
Please someone help , this is a quiz from my class that I need the correct answers too
On November 12, A company purchase 15 computers for business operating on account with credit term of 3/15, n/30 at a cost of $2,800. Three computers are return on November 13 for $800. Instructions: 1) posting entries; 2) determine the due date based on the term of 3/15, n/20 Please prepare the Journal. The example / PPT slide as reference on this assignment + Date Accounts and Explanation Debit Credit Question 2 - Prepare the Bank Reconciliation Prepare the Bank Reconciliation with provided information. Company has Reconciling items as follows Bank Side 1] Deposit in transit, December 30, $7,500 2] Outstanding check no. 100 - $150 3] Outstanding check no. 113 -- $250 4] Outstanding check no. 118 -- $500 Book Side 1] EFT receipt from customers, $800 2] Interest revenue earned on bank balance, $360 3) Bank charge, $150 4] EFT payment of: -- utility bill $400' -- water bill $200, -- telephone bill $800 5) NSF check. $3,200 BANK SIDE Balance, October 31 + Deposit in transit $2,560 $12,750 BOOK SIDE Balance, October 30 + EFT receipt from customer + Interest revenue -outstanding checks Check # Check # Check # -Bank charge -Utility bill -water bill -telephone bill $ $ Adjusted Bank Balance December 30 Adjusted Book Balance December 30Step by Step Solution
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