On june 30 the balance in wilson builders checkbook and

Assignment Help Accounting Basics

Reference no: EM13597180

Preparing a bank reconciliation statement and journalizing entries to adjust the cash balance.On June 30, the balance in Wilson Builder's checkbook and Cash account was $12,837.18. The balance on the bank statement on the same date was $15,084.06.

(a) The following checks were issued but have not yet been paid by the bank: Check 335 for $297.90; check 337 for $195; and check 339 for $850.80.

(b) A credit memorandum shows that the bank has collected a $3,000 note receivable and interest of $60 for the firm. These amounts have not yet been entered in the firm's records.

(d) A service charge of $28.68 and a debit memorandum of $240 covering an NSF check have not yet been entered in the firm's records.

Instructions:

(a) Prepare a bank reconciliation statement for the firm as of June 30.

(b) Record general journal entries for any items on the bank reconciliation statement that must be journalized. Date the entries July 3.

Reference no: EM13597180

Questions Cloud

Earnings after taxes 580000 in year 2007 with 400000 : earnings after taxes 580000 in year 2007 with 400000 shares of common stock in 2008 the firm issued 35000 new shares

The change in the gibbs energy of a certain : a the change in the gibbs energy of a certain constant-pressure process was found to fit the expression deltagj -85.40

Include a description of the evidence the accounting : the audit report and internal control evaluation.bullresource pp. 62 amp 63 of ch. 3 in auditing and assurance

Hydrazine n2h4 has pkb1607 and pkb21505 draw a structural : hydrazine n2h4 has pkb16.07 and pkb215.05. draw a structural formula for hydrazine and write the two equations

On june 30 the balance in wilson builders checkbook and : preparing a bank reconciliation statement and journalizing entries to adjust the cash balance.on june 30 the balance in

How much heat in kilojoules is evolved or absorbed in each : how much heat in kilojoules is evolved or absorbed in each of the following reactions?a burning of 15.5g of

How do you account for the foolowing scenario saturday : how do you account for the foolowing scenario saturday turns out to be a typical hot summer day. next to jims booth is

X corp had 400000 shares of 30 par cs and 40000 shares of : x corp. had 400000 shares of 30 par cs and 40000 shares of 100 par 6 cumulative convertible ps outstanding for the

How do you account for the clean up fee in this scenario : how do you account for the clean up fee in this scenario she also says that she has a booth reservation and he would

User Account

All Pages