Solution-Prepare all necessary journal entries that would

Prepare all necessary journal entries that would be required

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Reference no: EM133116830

Question - Prepare all necessary journal entries that would be required as a result of the December 31, 2018 bank reconciliation statement.

Computer Wizard Bank Reconciliation Dec 31,2018


Bank Balance Dec 31,2018		8,330
Add:
Deposit in transit from Cash Receipts	3,000
	700
		12,030

Subtract: outstanding cheques
No. 303	800
307	490

Bank error	850	2140

Adjusted bank balance		$9,890

Book Balance $9900 - 7660		$9,020
Add:
Collection of revenue $420 + $1300	1,720
Note Receivable	1,200
Total		11,940
Subtract:
NSF	1,000
SC	50
Insurance	600
Book Error ($3,900 - $3,500)	400
Adjusted book balance		$9,890

Reference no: EM133116830

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Prepare all necessary journal entries that would be required

Reference no: EM133116830

Reference no: EM133116830

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