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really need help thank you. The cash account foe Brentwood Bko Co, at May 1 indicaied a balance of $36,016. During Mry, the total cash
really need help thank you.
The cash account foe Brentwood Bko Co, at May 1 indicaied a balance of $36,016. During Mry, the total cash deposhed was $138,090, and checks wrthen totaled $138,571. The bark statement indicated a balance of $43.940 on May 31 . Comparing the bank statement, the canceled checka, and the accoinperyng memos with the records revealed be lollowing reconoling vens a. Checks outstanding tolaled $8,281. b. A depost of $1,796 reptesenting receipts of May 31 had been made too lide to appear on the bank statemert. c. The bank had collected for Brenthood Bike Co. $5,670 on a note inf for collection. The tace of the note was $5,400. a A check for $570 refumed with the statement had been incorrectly charged by the bank as $750. C. A check for $210 returned with the statement had been recorded by Brentwocd Bike Co. as $120. The check was for the payment of an oblgation to Adions Ca, on eccourt. 1. Bank service charpes for Magy anounted so $26. 9. A check for 51,394 trom Jentings Ca. was retened ty the bank due to insufficent tunds. Required: 1. Prepave a bank reconcilation as of Moy 31. Be sure to complete the statement heading. Aleter to the Labels and Amount Doscriptions for the Enter all amounts as poselve numbors: adomatically indent a crodi enty when a credt amount is entered. 2. If a balance sheot in prepared for Brentwood Biae Co. on May 35, what amount should be roported as cash? CHART OF ACCOUNTS Brentwood Brie Co. Ceneral Ledger Assets 110 Cash 111 Petrycash 112 Accounts Receivable Jennings Ca. 131 Notes Receivable 14) Merchandise inventory. 145 orice Supples te6 store supelins 151 Prepaid insurance 181 Land 191 Ofice Eoupment 192 Accumulated Depreciation-Office Equipment 193 Store Equipment 194 Acoumulaled Depreciation-Storo Equoment LIABILITES 211 Accounts Payabie-Aderis Co 221 Noles Payabie 222 interest Payablo 231 Salaries Payable REVENUE 4+0 Saies 610 inberest Revenue EXPENSES \$10 Cost of Merchandiso 5oid 515 Credi Card Expense 516 Cash Short and Over 520 Salarien Expense 531 Advortising Expenso 532 Delivery Expense 533 Indunance Expense 534 Orice Supplies Expense 535 Rent Exponse 536 Repains Exbanse S37 Seling txpenses 534 Siare Supplies Expense. Sat Depreciation Erpense- Oelice Equipment B62 Depreciation Eupense-Store Equpment 500 Miscelaneoun Exponse tha interent Crothenth Previous Next 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land 191 Office Equipment 192 Accumulated Depreclation-Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment LIABILITIES 211 Accounts Payable-Adkins Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary 510 Cost of Merchandise Soid 515 Credit Card Expanse 516 Cash Short and Over 520 Salaries Expense 531 Advertiging Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 interest Expense Labels and Amount Descriptions 7. Prepare a bank reconcilation as of Moy 31. Ba sure to complote the statement heading. Auter to the Labols and Amount Descriptions for the exact wording of tert entries. 'Deduct" or mconoliation, enter in the ander presented in the instruetions. Enter al anounts as posilive numbers. Bank reconciliation and entries instructions Ehant of Accounts Labais and Amount Dotcriptiona Gank Anconsilation Journal Joumal 3. If a balance sheet is propared for Brentwood Bike Co. on May 31, what amount should be reported as cash
really need help thank you.
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