Fiori publishes ratings and reviews of hotels and restaurants for traveling salespeople. As of June 31, Fiori’s ledger Cash balance is $31,466. The June bank statement balance is $70,616, and includes the following items. Bank service charge for June, $50 NSF check returned with June bank statement, $2,300 Note collected for your company by the bank in June, $25,000 Interest on note collected by the bank in June, $2,500 Outstanding checks as of the end of June, $21,000 Deposit in transit at the end of June, $7,000 Prepare Fiori’s June bank reconciliation. b. Prepare the journal entries to conform Fiori’s ledger Cash account balance with the reconciled bank balance as of June 3o.
Fiori publishes ratings and reviews of hotels and restaurants for traveling salespeople. As of June 31, Fiori’s ledger Cash balance is $31,466. The June bank statement balance is $70,616, and includes the following items. Bank service charge for June, $50 NSF check returned with June bank statement, $2,300 Note collected for your company by the bank in June, $25,000 Interest on note collected by the bank in June, $2,500 Outstanding checks as of the end of June, $21,000 Deposit in transit at the end of June, $7,000 Prepare Fiori’s June bank reconciliation. b. Prepare the journal entries to conform Fiori’s ledger Cash account balance with the reconciled bank balance as of June 3o.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 1PB
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Fiori publishes ratings and reviews of hotels and restaurants for traveling salespeople. As of June 31, Fiori’s ledger Cash balance is $31,466. The June bank statement balance is $70,616, and includes the following items.
- Bank service charge for June, $50
- NSF check returned with June bank statement, $2,300
- Note collected for your company by the bank in June, $25,000
- Interest on note collected by the bank in June, $2,500
- Outstanding checks as of the end of June, $21,000
- Deposit in transit at the end of June, $7,000
- Prepare Fiori’s June bank reconciliation.
b. Prepare the
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