Reference no: EM132315537
Question
After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the company's checking account online. The activity for the last three days follows.
| Business Checking |
Account #123456-987 |
|
|
| Date |
Type |
Description |
Additions |
Payments |
Balance |
| 09/24/2019 |
Loan Payment |
Online Transfer to CM XXXX |
|
|
|
$ |
4,900.00 |
|
$ |
17,075.06 |
|
| 09/24/2019 |
Deposit |
DEPOSIT ID NUMBER 8888 |
$ |
2,409.60 |
|
|
|
|
$ |
21,975.06 |
|
| 09/23/2019 |
Check |
CHECK #1554 (view) |
|
|
|
$ |
4,900.00 |
|
$ |
19,565.46 |
|
| 09/23/2019 |
Bill Payment |
Online Payment |
|
|
|
$ |
50.05 |
|
$ |
24,465.46 |
|
| 09/22/2019 |
Check |
CHECK #1553 (view) |
|
|
|
$ |
380.00 |
|
$ |
24,515.51 |
|
| 09/22/2019 |
Check |
CHECK #1551 (view) |
|
|
|
$ |
1,890.00 |
|
$ |
24,895.51 |
|
| 09/22/2019 |
ACH Credit |
Edwards UK AP PAYMENT |
$ |
10,300.00 |
|
|
|
|
$ |
26,785.51 |
|
| 09/22/2019 |
ATM |
ATM WITHDRAWAL |
|
|
|
$ |
380.00 |
|
$ |
16,485.51 |
|
|
After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions:
The ATM withdrawal on 9/22/2019 was for personal use by the owner, Robert Savage.
The ACH credit on 9/22/2019 was an electronic funds payment received on account from Edwards UK, a credit customer located in Great Britain.
The bill payment made 9/23/2019 was to Waste Control Trash Services (utilities).
The loan payment on 9/24/2019 was an automatic debit by Central Motors for the company's monthly payment on a loan for its automobiles.
The loan does not bear interest.
Prepare the journal entries in a general journal to record the four transactions above. (Round your answers to 2 decimal places.)
|
Describe the objectives and main elements of CIRT plan
: Describe the objectives and main elements of a CIRT plan. Predict the evolution of regulatory requirements mandating risk management processes and plans.
|
|
Does the act increase the marginal cost of lenders
: The Truth-In-Lending Act (1968) requires the uniform disclosure of the interest rate to borrowers in a readily intelligible form. Assume that before the Act.
|
|
Debate contemporary medicare for all proposals
: For students to observe a video where policy experts discuss and debate contemporary 'Medicare for All' proposals, summarize panelists' arguments,
|
|
Calculate the amount over or short
: Lourdes LLC. keeps a $100 change fund in its cash register. At the end of the day, cash sales per the register tape were $3,820. The cash count was $4,300.
|
|
Prepare the journal entries in a general journal to record
: The ACH credit on 9/22/2019 was an electronic funds payment received on account from Edwards UK, a credit customer located in Great Britain.
|
|
Examine the value of using simulation models
: Examine the value of using simulation models, and explain the potential shortcomings of using simulation models to form public policy. The response must be.
|
|
Is what frank did ethical
: Is what Frank did ethical? By whose ethics-those of Latino or the United States - Are there any legal differences between the money paid to the dockworkers
|
|
Managing human resources risks
: Access control, authentication, and public key infrastructure, Managing human resources risks, Roles Involved in User Access Control Management
|
|
How much is enough in terms of money supply
: How does the Fed decide how much is enough in terms of money supply and interest rates? In your opinion does the Fed use monetary policy to direct the economy.
|