Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is the proper fill for the journal entries? ! Required information [The following information applies to the questions displayed below.) The September 30 bank
What is the proper fill for the journal entries?
! Required information [The following information applies to the questions displayed below.) The September 30 bank statement for Cadieux Company and the September ledger account for cash are summarized here: BANK STATEMENT Checks Deposits Other NSF check $ 100 $3,300 Balance, September 1 September 7 September 11 September 12 September 17 September 26 September 29 September 30 #101 #102 #103 $ 900 1,900 2,400 Balance $2,200 2,100 5,400 4,500 2,600 200 400 380 EFT deposit Service charge 200 20 Balance Sep 1 Sep 10 Sep 30 Cash (A) 2,200 3,300 900 3,000 1,900 2,400 50 3,250 Sep 10 Sep 15 Sep 22 Sep 28 #101 #102 #103 #104 Sep 30 Balance No outstanding checks and no deposits in transit were noted in August. However, there are deposits in transit and checks outstanding at the end of September. The NSF check and EFT involved transactions with Cadieux Company's customers. 2. Prepare any journal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Earlier this month, check #104 was recorded as a $50 cash payment. The check is still outstanding at the end of the month. Note: Enter debits before credits. General Journal Debit Credit Transaction 4 Record entry Clear entry View general journal 2. Prepare any journal entries that should be made as the result of the bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet On September 30, a deposit of $3,000 was recorded, but the deposit was still in transit at the end of the month. Note: Enter debits before credits. General Journal Debit Credit Transaction 5 Record entry Clear entry View general journalStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started