Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1.Cashbalance according to the company's records at July

The following data were accumulated for use in reconciling the bank account of Mathers Co. for July:

1.Cashbalance according to the company's records at July 31, $24,556.2.Cash balance according to the bank statementat July 31, $31,856.3.Checks outstanding, $13,280.4.Deposit in transit, not recorded by bank, $6,392.5.A check for $48 in payment of an account was erroneously recorded in the check register as $480.6.Bank debit memo for service charges, $20.

Journalize the entry or entries that should be made by the company. Refer to the Chart of Accounts for exact wording of account titles.

image text in transcribed
Ene Em mew Hem, vakmavb 10015 Hevp 1 Reg :ler m [Engage CengageNDWvZ'Dnlmetead x SAMPLE PRWECT , 111M151 c Chagg may 1 13mm EDIUU . News 1 nammm (Hapter, M1: magnum; 1 1:31 weueum ' G7 V2oenqagenawcamrnakeAss1gnmem/'akeAss1gnmen1Mam dulmvaker:ass1gnmemsuakeAsygnmemSessmnlucatur:3551gnmemeIakeunpmgrES' {kl IQ Search I ,1 E 05716 ALGJ I E 1.11: U I 7 .17 067092 I I I I I 12 MD US I MD US BET I 14 087111 I U5: US I 15 HE 057072 I 17 Hr: my I Progress: am Items 121m w Clultofmlns nssns 110 can 111 Penycaen 120 Accnums Recenap1e 131 Nmes Recewame 132 1nte1es1Rece~ab1e 141 Mevmandme 1nven1ury 145 once Supphes 146 S1nre supphes 151 Pvenammsurance 131 Land 191 O'ce Eqmprnem 192 Accummatad Depveuauunovnee Eqmpmem 193 S1nre Eqmpment 194 Accummated Depveuauunsmre Eemprnent LIABILIHES 210 Accnunts Payap1e 221 Nmes Payame 222 1nte1es1 Payable B1 smanes Payame 241 smes Tax Payable mum 310 ownex (22121131 311 Ownemvawmg \"(Vault 410 sa1es 510 1n1eres1Reuenue EXPENSES 510 cm ewevmanmsesma 515 cvemtcam Expense 515 can snun and 01/61 520 samnee Expense 531 Amemsmg Expense 532 DeWery Expense 533 1nsurance Expense 534 Oce supphes Expense 535 Rem Expense 535 Repans Expense 537 Seng Expenses 533 Slure SUDDHes Expense 561 Demeuahnn Expenseoce Eqmprnenl 5&2 Depveuannn Expensesmre Eqmpmem 590 M1scel1aneeus Expense 7111 1n1eres1Expense N; on P; w

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

Step: 3

blur-text-image

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

Fundamental Financial Accounting Concepts

Authors: Thomas Edmonds

7th Edition

73527122, 978-0073527123

More Books

Students also viewed these Accounting questions