Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information pertains to Skysong, Inc. 1. Cash balance per bank, July 31,$9,443. 2. July bank service charge not recorded by the depositor $37.

image text in transcribed
image text in transcribed
The following information pertains to Skysong, Inc. 1. Cash balance per bank, July 31,$9,443. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books. July 31,$9,464. 4. Depositsin transit, July 31,$3,040. 5. $1,856 collected from a customer for Skysong. Inc. in July by the bank through electronic funds transfer. The collection has not been recorded by Skysong. Inc. 6. Outstanding checks, July 31,$1,200. Journalize the adjusting entries at July 31 on the books of Skysong, Inc. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required. select "No Entry" for the account titles and enter 0 for the amounts.)

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

Understanding Financial Statements A Manager S Guide

Authors: David S. Murphy Ph.D. ,Ernest W. Murphy

1st Edition

1530688787, 978-1530688784

More Books

Students also viewed these Accounting questions

Question

b. Where did they come from?

Answered: 1 week ago

Question

c. What were the reasons for their move? Did they come voluntarily?

Answered: 1 week ago

Question

5. How do economic situations affect intergroup relations?

Answered: 1 week ago