QUESTION:

Alpha Company had the following banking information from its bank statement dated July 31, 2017:

Item

Amount

Cash Balance per Bank (7/3/17)

$3,350

Bank Service Charges

75

Collection of Note Receivable from Mr. Yankee including the interest of $145

3,145

Customer (Mr. Welcher) returned cheque NSF

225

The following additional information was determined from a review of the cash payments & receipts and the cheque register for Alpha Company

The following cheques had not cleared the bank as paid:

DATE

Ck #

Accounts Payable

Amount

5/25/17

1005

Bravo Office Supply Store

$250

7/15/17

1025

Zulu Electric Company

1,900

7/30/17

1030

Bravo Office Supply Store

250

The following information was recorded in Alpha's cash receipts ledger and have not yet been recorded in the bank statements:

Date

Item

Amount

5/25/17

Store Cash Sales

$200

7/31/17

Store Cash Sales

$200

7/31/17

Cheques From Store Sales

5,500

7/31/17

Cash Balance per General Ledger (7/31/17)

4,005

Prepare, the compound general journal entry (without explanation) needed to be record the adjustments required to reconcile the July 31^stcash book balance to the adjusted bank balance. If no entry is required then write "No Entry Required."

ANSWER:

Date

Accounts

Debit

Credit

7/31/17

QUESTION: Alpha Company had the following banking information from its bank statement dated July 31, 2017: Item Amount Cash Balance per Bank (7/3/17) $3,350 Bank Service Charges 75 Collection of Note Receivable from Mr. Yankee including the interest of $145 3,145 Customer (Mr. Welcher) returned cheque NSF 225 The following additional information was determined from a review of the cash payments & receipts and the cheque register for Alpha Company The following cheques had not cleared the bank as paid: DATE Ck # 5/25/17 1005 7/15/17 1025 7/30/17 1030 Accounts Payable Amount Bravo Office Supply Store $250 Zulu Electric Company 1,900 Bravo Office Supply Store 250 The following information was recorded in Alpha's cash receipts ledger and have not yet been recorded in the bank statements: Date Item Amount 5/25/17 Store Cash Sales $200 7/31/17 Store Cash Sales $200 7/31/17 Cheques From Store Sales 5,500 7/31/17 Cash Balance per General Ledger (7/31/17) 4,005 Prepare, the compound general journal entry (without explanation) needed to be record the adjustments required to reconcile the July 31st cash book balance to the adjusted bank balance. If no entry is required then write \"No Entry Required.\" ANSWER: Date 7/31/17 Accounts Debit Credit