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- eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $4,678 Book balance: $2,351 Deposits in transit: $325 Outstanding checks: $108 and $534 Bank service charges: $25 Notes receivable: $2,000; Interest income: $35 If an amount box does not require an entry, leave it blank.Item2 10points Print Check my workCheck My Work button is now enabled3 Item 2 Use the following bank statement and T-account to prepare the May 31 bank reconciliation. BANK STATEMENT Date Checks Deposits Other Balance May 1 $ 560 May 4 #2 $ 100 $ 140 600 May 12 #4 190 NSF check $ 140 270 May 28 #5 110 160 May 30 #6 105 560 615 May 31 #8 145 Service charge 95 375 Cash (A) Debit Credit May 1 560 May 3 140 100 May 3 #2 100 May 4 #3 190 May 8 #4 110 May 11 #5 105 May 21 #6 May 29 560 115 May 29 #7 May 30 330 145 May 30 #8 May 31 725Please answer with reason for all why the option is correct and why the other options are incorrectPlease answer correct otherwise skip it 2-Which 2 actions does QuickBooks Online use to try and recognize bank feed items? Automatically create rule, based on past transactions Match amounts to several invoices or bills Apply user-created rule Match reconciled transactions Match transactions already entered
- Open the file CASHBUD from the website for this book at cengagebrain.com. Enter the eight formulas where indicated on the worksheet. Enter your name in cell A1. Save the file as CASHBUD2. Print the worksheet when done. Also print your formulas. Check figure: Ending cash balance for April (cell E54), 7,772.Writeupatwo-columncashbookforasecondhandbookshopfromthefollowingduringthemonthofNovember2020.1stBalancebroughtforwardfromlastmonth:cash¢2950;bank¢4,2402ndCashsales¢3,1003rdTook¢2,000outofthecashtillandpaiditintothebank4thF.Bellpaidusbycheque¢1945thPaidforpostagestampsincash¢806thBoughtofficeequipmentbycheque¢3107thPaidL.Rootbycheque¢94011thWithdrew¢1,500fromthebankforbusinessuse12thPaidwagesincash¢40013thCashsales¢43014thPaidmotorexpensesbycheque¢81016thJ.Bulllentus¢1,500incash20thK.Brownpaidusbycheque¢17428thPaidgeneralexpensesincash¢35030thPaidinsurancebycheque¢320eBook Using the following information, prepare the journal entries to reconcile the bank statement. Bank balance: $6,788 Book balance: $8,393 Deposits in transit: $1,735 Outstanding checks: $579 and $1,523 Bank service charges: $25 Bank incorrectly charged the account $25. The bank will correct the error next month. Check number 2456 correctly cleared the bank in the amount of $137 but posted in the accounting records as $317. This check was expensed to Utilities Expense.
- Create a Ledger for the Journal Entry General Journal Page 1 Date Description Post Ref. Dr Cr 2023 Mar. 2 Cash 750 Account Receivables 750 To record payment for AR 4 Cash 170 Account Receivables 170 To record payment for AR 6 Account Receivables 1755 Sales 1755 To record Sales 7 Account Receivables 620 Sales 620 To record Sales Cash 875 Sales 875 To record Sales Promotion 690 Cash 690 To record payment for promotion 8 Cash 215 Account Receivables 215 To record payment for AR Promotion 215 Cash 215 To record payment for promotion Purchase 2017 Cash 2017 To record purchase of tshirts w/df 9 Promotion 700 Cash 700 To record payment for promotion 10 Account…Ma1. 1. Where can you enable account numbers for the chart of accounts? Multiple choice question A. The Enable account numbers slider from the Chart of Accounts screen B. The Advanced tab in Account and Settings C. The Customization option from Accountant Tools D. The Chart of accounts tab in Account and Settings 2. A client messaged you saying that there might be something wrong with the bank feed of their checking account. What would be the first thing to do to see if the bank feed will refresh? Multiple choice question A. Select the Troubleshoot button from the Advanced tab of Account and Settings B. Select the Pencil icon on the Checking account tile and select Contact bank C. Select the Update button in the Banking center D. Select the Pencil icon on the Checking account tile and select Troubleshoot 3. Which report would you use to show the least popular products? Multiple choice question A. Sales by Product/Service Summary B. Product/Service List…Problem Solving. 1. Assuming the following information for Uno Company: bank balance P65,000; book balance ? ; deposit in transit P11,000; outstanding check P10,000; credit memo P2,000; and debit memo P500. How much is the adjusted bank balance?
- The Cash account of Silver Maple Art Gallery shows the following at April 30, 2014CashDate Item Jrnl. Ref. Debit Credit BalanceApril 1 Balance 13,911April 30 CR.6 10,672 24,583April 30 CR.11 10,924 13,659On April 30, 2014, Silver Maple Art Gallery received the following bank statement:Bank Statement for April 2014Beginning Balance $13,911Deposits & Other Credits:April 1 $ 300 EFTApril 4 4,174April 9 501April 12 559April 17 2,187April 22 1,300 BCApril 23 1,854 10,875Checks & Other Debits:April 7 (cheque no. 3113) $ 891April 13 (cheque no. 3115) 1,390April 14 900 USApril 15 (cheque no. 3114) 147April 18 (cheque no. 3116) 664April 21 200 EFTApril 26 (cheque no. 3117) 1,472April 30 (cheque no. 3118) 1,000April 30 20 SC (6,684)Ending Balance $18,102Explanations: EFT – electronic funds transfer; BC – bank collections; US – unauthorizedsignature; SC – service charge.Additional data for the bank reconciliation:a. The EFT deposit was a receipt of rent. The EFT debit was an…you need to use the 10-k form of the Apple inc. in order to be able to answer the question link to form:https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019320000096/aapl-20200926.htm#ief781ab58e4f4fcaa872ddbd30da40e1_163 Question: What is the cash balance at the end of each of the most recent two years? Is this amount presented in thousands, millions or billions?Fill in the missing amounts in the accounts receivable subsidiary ledgers for Willis Spas and Pools. If required, round your intermediate and final answers to the nearest cent. ACCOUNTS RECEIVABLE LEDGER NAME: E. McKenzie ADDRESS: 4717 Erin St, Madison, WI 53713 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Aug. 3 J60 3,816.00 3,816.00 Aug. 18 J60 4,589.80 fill in the blank 1 J60 105.00 fill in the blank 2