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Problem 2-6 (IAA) January: Virgo Company provided the following data for the month of Balance per book, January 31 Balance per bank statement, January 31 NSF check received from a customer Collections on January 31 but undeposited returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable 3,130,000 3,500,000 550,000 59 50,000 650,000 5,000 300,000 20,000 125,000 Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare

Problem 2-6 (IAA) January: Virgo Company provided the following data for the month of Balance per book, January 31 Balance per bank statement, January 31 NSF check received from a customer Collections on January 31 but undeposited returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable 3,130,000 3,500,000 550,000 59 50,000 650,000 5,000 300,000 20,000 125,000 Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 18P
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Balance per ok, March 31 Cash receipts for April Cash disbursements for April No. 1331 No. 1332 No. 1333 No. 1334 No. 1335 Outstanding checks as of April 30 of which No. 1333 had been certified: ollowing information: 800,000 4,100,000 3,800,000 April debit memos were: For NSF check For bank service charge April credit memo for note collected Undeposited collections by bank in the name of Zodiac Company Balance per bank, April 30 Required: to bank approach and prepare adjusting entries. Prepare a bank reconciliation on April 30 following the book Problem 2-6 (IAA) Galaxy S21+ 5G 40,000 30,000 50,000 60,000 10,000 59 5,000 25,000 January: Virgo Company provided the following data for the month of 60,000 270,000 1,000,000 Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but undeposited NSF check received from a customer returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare 3,130,000 3,500,000 550,000 50,000 650,000 5,000 300,000 20,000 125,000.
Transcribed Image Text:Balance per ok, March 31 Cash receipts for April Cash disbursements for April No. 1331 No. 1332 No. 1333 No. 1334 No. 1335 Outstanding checks as of April 30 of which No. 1333 had been certified: ollowing information: 800,000 4,100,000 3,800,000 April debit memos were: For NSF check For bank service charge April credit memo for note collected Undeposited collections by bank in the name of Zodiac Company Balance per bank, April 30 Required: to bank approach and prepare adjusting entries. Prepare a bank reconciliation on April 30 following the book Problem 2-6 (IAA) Galaxy S21+ 5G 40,000 30,000 50,000 60,000 10,000 59 5,000 25,000 January: Virgo Company provided the following data for the month of 60,000 270,000 1,000,000 Balance per book, January 31 Balance per bank statement, January 31 Collections on January 31 but undeposited NSF check received from a customer returned by the bank on February 5 with the January bank statement Checks outstanding on January 31 Bank debit memo for safety deposit box rental not recorded by depositor A creditor's check for P30,000 was incorrectly recorded in the depositor's book as A customer's check for P200,000 was recorded by the depositor as The depositor neglected to make an entry in its books for a check drawn in payment of an account payable Required: adjusting entries. Prepare a bank reconciliation on January 31 and prepare 3,130,000 3,500,000 550,000 50,000 650,000 5,000 300,000 20,000 125,000.
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