The book balance in the checking account of Kyri Enterprises as of November 30 is $2,944. The bank statement shows an ending balance of $2,542. The following information is discovered by (1) comparing last month's deposits in transit and outstanding checks with this month's bank statement, (2) comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos shown on the bank statement. Deposits in transit: 11/29 $116 11/30 183 Outstanding checks: No. 322 14 No. 324 118 No. 327 52 Unrecorded ATM withdrawal:* 104 Bank service charge: 19 NSF check: 184
The book balance in the checking account of Kyri Enterprises as of November 30 is $2,944. The bank statement shows an ending balance of $2,542. The following information is discovered by (1) comparing last month's deposits in transit and outstanding checks with this month's bank statement, (2) comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos shown on the bank statement. Deposits in transit: 11/29 $116 11/30 183 Outstanding checks: No. 322 14 No. 324 118 No. 327 52 Unrecorded ATM withdrawal:* 104 Bank service charge: 19 NSF check: 184
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:GENERAL JOURNAL
DATE
ACCOUNT TITLE
POST. REF.
DEBIT
CREDIT
1
3
I.
4
5
7
8
69
Transcribed Image Text:The book balance in the checking account of Kyri Enterprises as of November 30 is $2,944. The bank statement shows an ending balance of $2,542. The
following information is discovered by (1) comparing last month's deposits in transit and outstanding checks with this month's bank statement, (2)
comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos
shown on the bank statement.
Deposits in transit:
11/29
$116
11/30
183
Outstanding checks:
No. 322
14
No. 324
118
No. 327
52
Unrecorded ATM withdrawal:*
104
Bank service charge:
19
NSF check:
184
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