What did you guys get for an answer? ( Also. Yes this is part of Financial Account and this is also one of our assignments)
Chapter 07 Homework (Application) eBook Calculator 2 1. EX.07.01 Show Me How Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal III 2. EX.07.02 3. EX.07.09 4. EX.07.18 ALGO 5. PR.07.01A 6. PR.07.04A BLANKSHEET Instructions The cash account for Coastal Bike Co. at October 1, 2099, indicated a balance of $5,140. During October, the total cash deposited was $29,175, and checks written totaled $40,520. The bank statement indicated a balance of 58,980 on October 31, 2019. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items 7. PR.07.05A BLANKSHEET a Checks outstanding totaled $5,560 . A deposit of $1,050 representing receipts of October 31, had been made too late to appear on the bank statement c. The bank had collected for Coastal Bike Co. 52,120 on a note let for collection. The face of the note was $2,000. d. A check for $370 returned with the statement had been incorrectly charged by the bank as $730. c. A check for $310 returned with the statement had been recorded by Coastal Bike Co. as $130. The check was for the payment of an obligation to Rack Pro Co on account e. Bank service charges for October amounted to $25. 1. A check for $980 from Bay View Condos was returned by the bank due to insufficient funds. Chapter 07 Homework (Application) eBook Show Me How Calculator 1. EX.07.01 Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 2. EX.07.02 3. EX.07.03 4. EX.07.18 ALGO 5. PR.07.01A 6. PROT04A BLANKSHEET 7. PR.07.05A BLANKSHEET Instructions A check for $310 returned with the statement had been recorded by Coastal Bike Co as $130. The check was for the payment of an obligation to Rack Pro Co. on account e. Bank service charges for October amounted to $25. 1. A check for Seso trom Bay View Condos was returned by the bank due to insufficient funds. Instructions 1. Prepare a bank reconciliation as of October 31, 2019. Refer to the Amount Descriptions ist provided for the exact warding of the answer choices for the entries. "Add"8 Deduct"will automatically pear if it is required for those bones in which you must enter subtracted or negative numbers use a minus sign 2. Journalize the necessary entries. Refer to the Chart of Accounts for exact wording of accountsties 3. a balance sheet were prepared for Coastal Bike Co. on October 31, 2019 what amount should be reported as cash? Chapter 07 Homework (Application) eBook Show Me How Calculator Bank reconciliation and entries 1. EX.07.01 Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 2. EX 07.02 3. EX 07.03 Chart of Accounts 4. EX.07.18 ALGO Coastal Bike Co. 5. PR.07.01A General Ledger 6. PR.0701A BLANKSHEET REVENUE 410 Sales 670 Interest Revenue 7. PR.OTA BLANKSHEET ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable Bay View Condos 131 Notes Receivable 141 Merchandise Inventory 145 Office Supplies 145 Store Supplies 151 Prepaid insurance EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries pense Chapter 07 Homework (Application) eBook Show Me How Calculator co Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 0 1. EX.07.01 2. EX 07.02 3. EX 07.03 Chart of Accounts 181 Land 191 Ole Equipment 192 Accumulated Depreciation Office Equipment 193 Store Equipment 194 Accumulated Depreciation Store Equipment 4. EX 07.18 ALGO 5. PR.07.01A 6. PR.07.04A BLANKSHEET 7. PR.O.OSA BLANKSHEET 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense LIABILITIES 211 Accounts Payable-Rack Pro Co. 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable C eBook Show Me How Calculator Chapter 07 Homework (Application) 1. EX 07.01 Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 0 2 EX 07.02 3. EX 07.03 Chart of Accounts 21 ACCOUNT FOR 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable upp 581 Depreciation Expense-Ofice Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Expense 710 Interest Expense 4. EX.07.18 ALGO 5. PR 07 01A 6. PROTONA BLANKSHEET 7. PR.07 05A BLANKSHEET EQUITY 310 Common Stock 311 Retained Earnings 312 Dividends Chapter 07 Homework (Application) Calculator eBook Show Me How Bank reconciliation and entries 1. EX.07.01 Instructions Chart of Accounts 2. EX 07.02 Amount Descriptions Bank Reconciliation Journal 3. EX 07.03 Amount Descriptions EX.07.18 ALGO 5. PR.07.01A 6. PR.07.DA BLANKSHEET 7. PR.O7.05A BLANKSHEET Amount Descritos Adjusted balance Bank enor in charping check as $730 instead of $370 Bank service charges Check returned because of insuficient funds Depost intrant on October 31 Error in recording check Note collected by bank, including $120 interest Outstanding checks Total additions Total deductions Chapter 07 Homework (Application) eBook Show Me How Calculator Bank reconciliation and entries 1. EX 07.01 Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 2. EX 07.02 3. EX 07.03 Bank Reconciliation 1. Prepare a bank reconciliation as of October 31, 2019. Aeter to the Amount Descriptions lot provided for the exact wording of the answer choices for at entries": "8 Deduct will automatically pear it is required for those bones in which you must enter subtracted or negative numbers use a minus sign 4. EX.07.18 ALGO 5. PROT01A 6. PR.07.04A BLANKSHEET Coastal Bice Co Bank Reconciliation October 31, 2019 7. PR OTOSA BLANKSHEET : Cash balance according to bank statement Chapter 07 Homework (Application) eBook C Show Me How Calculator Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 1. EX.07.01 2. EX.07.02 3. EX.07.03 4. EX.07.18 ALGO Bank Reconciliation 5. PR 07.01A Cash balance according to company's records 6. PROTOIA BLANKSHEET 7. PR.0705A BLANKSHEET 54 Chapter 07 Homework (Application) eBook Show Me How Calculator Bank reconciliation and entries 1. EX.07.01 Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 2. EX.07.02 3. EX 07.03 Journal 4. EX.07.18 ALGO 2 Joumai cayer Refer to the Chart of Accounts for exact wording of accounts 5. PR 0701A 6. PROTOIA BLANKSHEET JOURNAL ACCOUNTING EQUATIC 7. PR.07.06A, BLANKSHEET DESCRIPTION POST BY DELIT CREDIT LAUTIES Chapter 07 Homework (Application) Calculator eBook Show Me How Bank reconciliation and entries 1. EX 07.01 Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal 2. EX 07.02 3. EX.07.03 Final Question 3.1 Deance sheet were prepared for Coastal Bresco on October 31, 2018, whe amount should be reponedas casn's 4. EX.07.18 ALGO 5. PR.07.01A 6. PR.07.04A BLANKSHEET 7. PR 07.05A BLANKSHEET
