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WieyPLUS Problem 7-6 Pina Colada Spa shows a general ledger balance for the Cash account of 54,020,35 on June 30 and the bank statement as
WieyPLUS Problem 7-6 Pina Colada Spa shows a general ledger balance for the Cash account of 54,020,35 on June 30 and the bank statement as of that date indicates a balance of $4,165.00. When the statement was compared with the cash records, the following facts were determined: 1. There were bank service charges for Jung of $36.00 2. A bank meme stated that Bao Dar's note for $894.00 and interest of $40.00 had been collected on June 29, and the bank had charged $7.00 for the collection. Any interest revenue has not been accrued. 3. Deposits in transit June 30 were $2,900.00 4. Cheques outstanding on June 30 totalled $2.131.05. 5. On June 29, the bank had charged Pina Colada Spa's account for a customer's NSF cheque amounting to $503.20. 6. A customer's cheque received as a payment on account of $89.00 had been entered as $61.00 in the cash receipts ournal by Pina Colada Spa on June 15. 7. Cheque no. 742 in the amount of $485.00 had been entered in the books as $440.00, and cheque no. 747 in the amount of $31.20 had been entered as 5566.00. Both cheques were issued as payments on account 8. In May, the bank had charged a $18.50 Wella Spa cheque against the Pina Colada Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error Prepare a bank reconciliation at June 30. (List items that increase balance as per tank & books first round answers to 2 decimal places elg 275.) Pina Colada Spa Bank Reconciliation June 30 V Politinni. Innt. Alghed. A co on latin Willinen VARA LS SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare any journal entries that are needed to adjust the cash account at June 30. (Credit account titles are automatically indented when the amount is entered. Do not in entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to 2 decimal places, e.g-52.75.) Date Account Titles and Explanation June 30 Debit Credit (To correct error and record cash receipts) June 30 (To record NSF cheque and other cash payments) SHOW LIST OF ACCOUNTS
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