Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information pertains to Cullumber Company. 1. Cash balance per books, Augunt 31,57,374. 2. Cashbalance per bark. August 31,57,338. 3. Outstanding checks, August 31,$712

image text in transcribed
image text in transcribed
The following information pertains to Cullumber Company. 1. Cash balance per books, Augunt 31,57,374. 2. Cashbalance per bark. August 31,57,338. 3. Outstanding checks, August 31,$712 4. August bank service charge not recorded by the depositor $64. 5. Deposits in transit. August 31, 53,910. In addition, 53,226 collected for Cullurrber Company in August by the bank through electronic funds transfer. The accounts receivable collection has not been recorded Cullumber Company. Prepare a bank reconcilistion at August 31. 2022. (Liat items that increase balance as per bunk 6 books fint) Jaurnalize the adjusting entries at August 31 on the books of Cullumber Compary. (Creafit account titles are outomatically indented when amount is entered. Do not indent manually.)

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

GAO Financial Audit Manual Volume 3 June 2018

Authors: United States Government GAO

2018 Edition

979-8733166001

More Books

Students also viewed these Accounting questions

Question

What are some of Samsungs greatest competitive strengths?

Answered: 1 week ago

Question

4. Choose appropriate and powerful language

Answered: 1 week ago

Question

2. Choose an appropriate organizational pattern for your speech

Answered: 1 week ago