How do post entries recorded in the journals

Assignment Help Financial Accounting

Reference no: EM132693832

Instructions for bank reconciliation

Question 1: the previous month's bank reconciliation statement, and Identify any reconciling items and record the relevant reconciling items in the appropriate journals. To do this, you will need to use:

the current month's bank statement

Note that the general journal is not provided on this page of the practice set because you are required to use other journals to record those reconciling items.When you enter items into the journals, if a cheque number is not required, you need to fill the appropriate input box with an X.

Question 2: Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedures.

Question 3: Total the Cash at Bank columns in the special journals. Record the amount in the Total row of each journal. On this web page, you are not required to total the rest of the columns in the special journals. You will total these columns and post them to the ledger in the next stage of the practice set.

Question 4: Post the total of the Cash at Bank columns in the special journals to their corresponding ledger account. To confirm that the posting has been performed, a posting reference is recorded in the last row of the special journals.

Question 5: Prepare the bank reconciliation statement as at 30 June 2020. The bank reconciliation statement provided below may contain more rows than required.

Reference no: EM132693832

Questions Cloud

How do post entries recorded in the journals : How do Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedures.

Calculate the assumed minimum attractive rate of return : If 1/3 of the total capital of the firm,Calculate the assumed Minimum attractive rate of return? Further explain the Break-even-poim with the help of its graph?

Why people commonly overuse commas in all aspects of writing : Why do you think that people commonly overuse commas in all aspects of writing? Do you remember when you were taught the proper usage of commas?

Discuss any type of experiences with steroids : Do you know anyone who has had any type of experiences with Steroids (for non-medical purposes) or other performance enhancing drugs? If so, discuss.

How do post entries recorded in the journals : How do Post entries recorded in the journals to the appropriate ledger accounts according to the company's accounting policies and procedures.

Build a loadable kernel module called findtask : Build a loadable kernel module called findTask that will access the kernel''s task_struct data structure to find if a specified task is running and report

Briefly describe how the project works toward social justice : Briefly describe how the project works towards social justice and empowerment and Briefly discuss how the project applies community development principles

Discuss about the model penal code in brief : The Model Penal Code divides criminal intent into four states of mind listed in order of culpability: purposely, knowingly, recklessly, and negligently.

What should be the respective production costs of job no : The regular working days in a factory are Monday to Friday. What should be the respective production costs of job nos. 31 and 32?

User Account

All Pages