M? Inbox 121,5011-yangwaltney. 0 immy Kimmel Guesses who x- F Designe, Clothe:Fo

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M? Inbox 121,5011-yangwaltney. 0 immy Kimmel Guesses who x- F Designe, Clothe:For ten on x C" ià Secure https://newconnect.mheducation.com/flow/connect.html Connect Quiz #3 Summer 2018 0 Saved Prepare any necessary adjusting journal entries indicated. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list points Journal entry worksheet Record adjustments to cash revealed by the bank reconciliation. Use the miscellaneous expense account to record the bank service charges Print Note: Enter debits before credits. Event Debit Credit Record entry Clear entry View general journal

Explanation / Answer

Solution 1:

Solution 2:

EI Gato Painting Company Bank Reconciliation - December 31 Bank's Cash balance Company's cash balance Particulars Amount Particulars Amount Ending balance as per Bank Statements $3,832.00 Ending Balance as per cash books $4,786.00 Additions: Additions: Outstanding cash receipt ($44,550 + $1,390 + $3,200 - $44,900) $4,240.00 Deductions: Deductions: Outstanding Checks - Previous Months (Check No 365) $220.00 NSF Cheque $630.00 Outstanding Checks - Current Months ($43,753+$90+$822-$220-$43,818) $627.00 Service charges $41.00 Incorrect recording of deposits $3,200.00 Incorrect recording of check no 411 ($760 - $670) $90.00 Up to date cash balance as per bank $4,025.00 Up to date cash balance as per books $4,025.00

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