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Problem 9 . 4 A ( Static ) Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. LO 9 - 5
Problem A Static Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance. LO On August X the balance In the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $ The balance shown on the bank statement on the same date was $ Notes The firm's records indicate that a $ deposit dated August and a $ deposit dated August do not appear on the bank statement. b A service charge of $ and a deblt memorandum of $ covering an NSF check have not yet been entered in the firm's records. The check was Issued by Andrew Corollo, a credit customer. c The following checks were issued but have not yet been pald by the bank: d A credit memorandum shows that the bank collected a $ note recelvable and interest of $ for the firm. These amounts have not yet been entered in the firm's records. Requlred: Prepare a bank reconcillation statement for the firm as of August Record general journal entrles for items on the bank reconcillation statement that must be journalized. Anolyze: What effect did the journal entries recorded as a result of the bank reconcillation have on the fundamental accounting equation? Complete this question by entering your answers in the tabs below. Bronk Rec Prepare a bank reconciliation statement for the firm as of August
Problem A Static Preparing a bank reconciliation statement and journalizing entries to adjust the
cash balance. LO
On August X the balance In the checkbook and the Cash account of the Dry Creek Bed and Breakfast was $ The
balance shown on the bank statement on the same date was $
Notes
The firm's records indicate that a $ deposit dated August and a $ deposit dated August do not appear on the bank
statement.
b A service charge of $ and a deblt memorandum of $ covering an NSF check have not yet been entered in the firm's
records. The check was Issued by Andrew Corollo, a credit customer.
c The following checks were issued but have not yet been pald by the bank:
d A credit memorandum shows that the bank collected a $ note recelvable and interest of $ for the firm. These amounts
have not yet been entered in the firm's records.
Requlred:
Prepare a bank reconcillation statement for the firm as of August
Record general journal entrles for items on the bank reconcillation statement that must be journalized.
Anolyze:
What effect did the journal entries recorded as a result of the bank reconcillation have on the fundamental accounting equation?
Complete this question by entering your answers in the tabs below.
Bronk Rec
Prepare a bank reconciliation statement for the firm as of August
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