Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 23 View Policies Current Attempt in Progress Sunland Wyatt is unable to reconcile the bank balance at January 31. Sunland's reconciliation is as follows.

image text in transcribed

image text in transcribed

image text in transcribed

Question 23 View Policies Current Attempt in Progress Sunland Wyatt is unable to reconcile the bank balance at January 31. Sunland's reconciliation is as follows. $4,340.20 300 Cash balance per bank Add: NSF check Less: Bank service charge Adjusted balance per bank 31 $4,609.20 Cash balance per books $4,655.20 Less: Deposits in transit 920 Add: Outstanding checks Adjusted balance per books $4,671.20 936 Apps Sunland Wyatt Bank Reconciliation January 31 O 30:34 Cash balance per bank statement 4,340.20 Add Deposits in transit 920.00 5,260.20 Less : Outstanding checks 936.00 Adjusted cash balance per bank 4,324.20 Cash balance per books 4.655.20 NSF check 300.00 Bank service charge 31.00 331.00 Adjusted cash balance per books 4.324.20 Journalize the entries required by the reconciliation. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. Round answers to 2 decimal places, eg. 52.75.) No. Account Titles and Explanation Debit Credit (To record NSF check.) (To record bank service charge.) Save for Later Attempts: 0 of 1 used Submit Answer Type here to search o e 1 G 12:59 PM 4/24/2020519

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_2

Step: 3

blur-text-image_3

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

How To Secure And Audit Oracle 10g And 11g

Authors: Ron Ben-Natan, Brian E. White, Paul R. Garvey

1st Edition

1420084127, 978-1420084122

More Books

Students also viewed these Accounting questions