The following transactions took place at Nickie's Sports Gear during the first week of October 20X1. DATE Oct. TRANSACTIONS 1 Had cash sales of $5,300 plus sales tax of $424; there was a cash average of $11. 2 collected $760 on account from James Lynn, a credit customer. 3 bad cash sales of $5,175 plus sales tax of $414. 4 Eddie Reynolds, the owner, made an additional cash investment of $17,500. 6 Had cash sales of $6,100 plus sales tax of $488; there was a cash shortage of $19. Indicate how these transactions would be entered in a cash receipts journal. (Negative amounts should be indicated by a minus sign.) ces Other Accounts Credit CASH RECEIPTS JOURNAL Sales Tax Payable Sales Credit Credit Cash Debit Accounts Receivable Credit Description Date Amount Account Name $ 11 $ 424 Cash short or over 5.735 760 $ Cash sales 760 Oct 1. 20X1 Oct 2, 20X1 Oct 3, 20X1 James Lynn 5,589 414 5.175 Cash sales 17,500 17,500 Eddie Reynolds, Capital OG 4. 20X1 Investment by owner 6.569 488 6.100 Cash short or over Oct 6, 20X1 Cash sales The following transactions took place at Nickie's Sports Gear during the first week of October 20X1. DATE TRANSACTIONS Oct. 1 Issued Check 3850 for $2,000 to pay the monthly rent. 1 Issued Check 3851 for $2,800 to Fisher Company, a creditor, on account. 2 Issued Check 3852 for $11,500 to purchase new equipment. 2 Issued Check 3853 for $1,360 to remit sales tax to the state sales tax authority. 3 Issued Check 3854 for $1,176 to Sports Emporium, a creditor, on account for invoice of $1,200 less cash discount of $24 4 Issued Check 3855 for $3,525 to purchase merchandise. 6 Issued Check 3856 for $1,500 as a cash withdrawal for personal use by Nickie Martin, the owner. Indicate how these transactions would be entered in a cash payments journal. cas CASH PAYMENTS JOURNAL Accounts Other Accounts Debit Payable Debit Account Name Amount Purchases Discounts Credit Cash Credit Date CK. No. Description Johnson Corporation received a bank statement showing a balance of $14,200 as of October 31, 20X1. The firm's records showed a book balance of $13,852 on October 31. The difference between the two balances was caused by the following items. 1. A debit memorandum for an NSF check from Mike Hart for $414, 2. Three outstanding checks: Check 7017 for $114. Check 7098 for $45, and Check 7107 for $1.460. 3. A bank service charge of $10. 4. A deposit in transit of $847. The deposit was made on October 31 using the bank's ATM machine after the bank had closed. Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciliation statement. Also prepare the necessary journal entry for the year 20X1. Complete this question by entering your answers in the tabs below. Bank Rec Stmt General Journal Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciliation statement. TENG CORPORATION Bank Reconciliation Statement October 31, 20X1 Balance on bank statement 6 Next > 5 TENG CORPORATION Bank Reconciliation Statement October 31, 20X1 1.66 points Balance on bank statement Additions: eBook Total Deductions: Print References Total outstanding checks Adjusted bank balance Balance in books Deductions: Prey 5 of 6 NE 6 After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The activity for the last three days follows. points Business Checking Date Type 09/24/20X1 Loan Payment 09724/20X1 Deposit 09/23/20X1 Check 09/23/20X1 Bill Payment 09/22/20X1 Check 097 22/20X1 Check 09/22/2001 ACH Credit 09/22/2001 ATM Account #123456-987 Description Online Transfer to CM XXX DEPOSIT ID NUMBER 8888 CHECK #1554 (view) Online Payment CHECK #1553 (view) CHECK #1551 view) Edwards UK AP PAYMENT ATM WITHDRAWAL ebook , Additions Payments Balance $4, 100.00 $13,316.06 $2,279.60 $17, 416.06 $3,600.00 $15, 136.46 $ 27.05 $18.736.46 S 250.00 $18, 763.51 $3,600.00 $19.013.51 $9,000.00 $22,613.51 $ 250.00 $13, 613-51 Print References After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions: 1. The ATM withdrawal on 9/22/20X1 was for personal use by the owner, Robert Savage. 2. The ACH credit on 9/22/20X1 was an electronic funds payment received on account from Edwards UK, a credit customer locatec Great Britain 3. The bill payment made 9/23/20X1 was to Waste Control Trash Services (utilities), 4. The loan payment on 9/24/20X1 was an automatic debit by Central Motors for the company's monthly payment on a loan for its automobiles. The loan does not bear interest. Prepare the journal entries in a general journal to record the four transactions above. (Round your answers to 2 decimal places.) Journal entry worksheet