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Instructions The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entry or entries that should be made by the company Refer to the Chart of Accounts for exact wording of account titles. hp no CHAI O ACCOUNIS ASSIS RENUR 110 Ca 410 S 120 A ta acate 131 N Rec le 132 er S10 Cl Merchnd S 141 Mha y S1S Ce Cand Expare 145 Of pp S1e Ce al a Over 120 S Eper 151 Pp u s31 Adver per 181 Land saa Ury Exper 191 Offie Lupment sa3 Expera 192 Amu Deprc Ofio tpment 34 Of Spp Ep 13 Su Loment sas en ar T94 Aumd Deprecn Lpm sar Sngp LIAIUIRS 210 A a ee set Dpr p o t 221 Nuawle 222 ar P 241 Sa laPe 310 Oar Cptel 21 Car Ch -oms Summary

Instructions The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entry or entries that should be made by the company Refer to the Chart of Accounts for exact wording of account titles. hp no CHAI O ACCOUNIS ASSIS RENUR 110 Ca 410 S 120 A ta acate 131 N Rec le 132 er S10 Cl Merchnd S 141 Mha y S1S Ce Cand Expare 145 Of pp S1e Ce al a Over 120 S Eper 151 Pp u s31 Adver per 181 Land saa Ury Exper 191 Offie Lupment sa3 Expera 192 Amu Deprc Ofio tpment 34 Of Spp Ep 13 Su Loment sas en ar T94 Aumd Deprecn Lpm sar Sngp LIAIUIRS 210 A a ee set Dpr p o t 221 Nuawle 222 ar P 241 Sa laPe 310 Oar Cptel 21 Car Ch -oms Summary

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter8: Sarbanes-oxley, Internal Control, And Cash
Section: Chapter Questions
Problem 18E
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entries for bank reconciliation

Instructions The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entry or entries that should be made by the company Refer to the Chart of Accounts for exact wording of account titles. hp no
Transcribed Image Text:Instructions The following data were accumulated for use in reconciling the bank account of Mathers Co. for July: 1. Cash balance according to the company's records at July 31, $32,110. 2. Cash balance according to the bank statement at July 31, $31,350. 3. Checks outstanding, $2,870. 4. Deposit in transit, not recorded by bank, $4,150. 5. A check for $170 in payment of an account was erroneously recorded in the check register as $710. 6. Bank debit memo for service charges, $20. Journalize the entry or entries that should be made by the company Refer to the Chart of Accounts for exact wording of account titles. hp no
CHAI O ACCOUNIS ASSIS RENUR 110 Ca 410 S 120 A ta acate 131 N Rec le 132 er S10 Cl Merchnd S 141 Mha y S1S Ce Cand Expare 145 Of pp S1e Ce al a Over 120 S Eper 151 Pp u s31 Adver per 181 Land saa Ury Exper 191 Offie Lupment sa3 Expera 192 Amu Deprc Ofio tpment 34 Of Spp Ep 13 Su Loment sas en ar T94 Aumd Deprecn Lpm sar Sngp LIAIUIRS 210 A a ee set Dpr p o t 221 Nuawle 222 ar P 241 Sa laPe 310 Oar Cptel 21 Car Ch -oms Summary
Transcribed Image Text:CHAI O ACCOUNIS ASSIS RENUR 110 Ca 410 S 120 A ta acate 131 N Rec le 132 er S10 Cl Merchnd S 141 Mha y S1S Ce Cand Expare 145 Of pp S1e Ce al a Over 120 S Eper 151 Pp u s31 Adver per 181 Land saa Ury Exper 191 Offie Lupment sa3 Expera 192 Amu Deprc Ofio tpment 34 Of Spp Ep 13 Su Loment sas en ar T94 Aumd Deprecn Lpm sar Sngp LIAIUIRS 210 A a ee set Dpr p o t 221 Nuawle 222 ar P 241 Sa laPe 310 Oar Cptel 21 Car Ch -oms Summary
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