Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The formation below relates to the Cash account in the edges of Randy Company March 1 - $15400 Total Cash Receipts/Deposts or March 20.00 e

image text in transcribed
image text in transcribed
image text in transcribed
The formation below relates to the Cash account in the edges of Randy Company March 1 - $15400 Total Cash Receipts/Deposts or March 20.00 e Mar 31-517.000 Chewed March-5580,000 Randy Comery raceve March bank statement which showed a cash balance of $121,950 March 31. the beginnen 1. The band collected an electronic funds transfer of $6.000 from Das Corporation. The It was to one's court 22 March. depositstrant were $43,428 fondy Company wrote the following check to customers Check 101 - 56,000: Check 202 511,782. Then checks have yet to cewe the link The bank charged $313 to Randy Company for the rent of a safety deposit bon 5 rest earned on the checking account was 5342 A customer's check for $2.190 marked NSF was returned by the bank. 7. On March 31, was discovered that Randy Company wrote a check for $2.150 but incorrectly recorded it in the bookstor $1.5. The check was nie standing out Payable INSTRUCTIONS (3) Complete the bank reconciliation at March 31. The headings have been provided for you in the word bank below. Do not w down toured by the reconciliation NOTE Accounts are not provided in the word bank Remember maleries de contain dollaris Ward Bank for Bank Reconciliation Baccharges Bock Outstanding checks hared NSF check Deposit Safety deposit boxet RANDY COMPANY Bank Reconciliation March 31 Cash balance per bank statement Cash balance per books Add: Add: Less: Less: Adjusted cash balance per bank Adjusted cash balance per books 2) Journal Entries Transaction Description USE Check Account Title Debit Credit Descript SE Check Acest tule De Cred Electronk Transfer Fund Collection Interest Earned Error Safety Deposit Box Moving to another question will save this response Question Close DELL ILERJU N

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

Students also viewed these Accounting questions

Question

What are the need and importance of training ?

Answered: 1 week ago

Question

What is job rotation ?

Answered: 1 week ago