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please answer correct with proper work explanation computation formula required format no copy paste or skip narration also a. The June 30 cash balance in the general ledger is $838. b. The June 30 balance shown on the bank statement is $372. c. Checks issued but not returned with the bank statement were Number 712 for $10 and Number 723 for $41. d. A deposit made late on June 30 for $441 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank statement was a notice that a customer's check for $67 that was deposited on June 24 had been returned because the customer's account was overdrawn. f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check Number 728 was $65 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $56. Required: a. 1. Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. 2. Prepare the adjusting journal entry that should be prepared to reflect the reconciling items. b. What is the amount of cash to be included in the June 30 balance sheet for the bank account reconciled? Complete this question by entering your answers in the tabs below.. Required A Required A2 Required B Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. Note: Enter decreases to account balances with a minus sign.

please answer correct with proper work explanation computation formula required format no copy paste or skip narration also a. The June 30 cash balance in the general ledger is $838. b. The June 30 balance shown on the bank statement is $372. c. Checks issued but not returned with the bank statement were Number 712 for $10 and Number 723 for $41. d. A deposit made late on June 30 for $441 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank statement was a notice that a customer's check for $67 that was deposited on June 24 had been returned because the customer's account was overdrawn. f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check Number 728 was $65 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $56. Required: a. 1. Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. 2. Prepare the adjusting journal entry that should be prepared to reflect the reconciling items. b. What is the amount of cash to be included in the June 30 balance sheet for the bank account reconciled? Complete this question by entering your answers in the tabs below.. Required A Required A2 Required B Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. Note: Enter decreases to account balances with a minus sign.

Century 21 Accounting General Journal
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 1CP
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a. 1. Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30 2. Prepare the adjusting journal entry that should be prepared to reflect the reconciling items. b. What is the amount of cash to be included in the June 30 balance sheet for the bank account reconciled? Complete this question by entering your answers in the tabs below. Required A Required A2 Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. Note: Enter decreases to account balances with a minus sign Assets answers in the tabs below. Required b Balance Sheet al model that should be prepared to reflect the reconciling items as on June 30, should be prepared to reflect the reconciling items in the June 30 balance sheet for the bank account reconciled? Liabilities Balance Sheet del that should be prepared to reflect the reconciling items as on June 30. th a minus sign. Liabilities . Stockholders' Equity Net income Stockholders' Equity Required A2 > Q Net income Income Statement Revenues Required A2 > income Statement Revenues Expenses
Transcribed Image Text:a. 1. Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30 2. Prepare the adjusting journal entry that should be prepared to reflect the reconciling items. b. What is the amount of cash to be included in the June 30 balance sheet for the bank account reconciled? Complete this question by entering your answers in the tabs below. Required A Required A2 Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. Note: Enter decreases to account balances with a minus sign Assets answers in the tabs below. Required b Balance Sheet al model that should be prepared to reflect the reconciling items as on June 30, should be prepared to reflect the reconciling items in the June 30 balance sheet for the bank account reconciled? Liabilities Balance Sheet del that should be prepared to reflect the reconciling items as on June 30. th a minus sign. Liabilities . Stockholders' Equity Net income Stockholders' Equity Required A2 > Q Net income Income Statement Revenues Required A2 > income Statement Revenues Expenses
please answer correct with proper work explanation computation formula required format no copy paste or skip narration also a. The June 30 cash balance in the general ledger is $838. b. The June 30 balance shown on the bank statement is $372. c. Checks issued but not returned with the bank statement were Number 712 for $10 and Number 723 for $41. d. A deposit made late on June 30 for $441 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank statement was a notice that a customer's check for $67 that was deposited on June 24 had been returned because the customer's account was overdrawn. f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check Number 728 was $65 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $56. Required: a. 1. Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. 2. Prepare the adjusting journal entry that should be prepared to reflect the reconciling items. b. What is the amount of cash to be included in the June 30 balance sheet for the bank account reconciled? Complete this question by entering your answers in the tabs below.. Required A Required A2 Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. Note: Enter decreases to account balances with a minus sign. Assets Required B Balance Sheet Liabilities Stockholders' Equity- Net income
Transcribed Image Text:please answer correct with proper work explanation computation formula required format no copy paste or skip narration also a. The June 30 cash balance in the general ledger is $838. b. The June 30 balance shown on the bank statement is $372. c. Checks issued but not returned with the bank statement were Number 712 for $10 and Number 723 for $41. d. A deposit made late on June 30 for $441 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank statement was a notice that a customer's check for $67 that was deposited on June 24 had been returned because the customer's account was overdrawn. f. During a review of the checks that were returned with the bank statement, it was noted that the amount of Check Number 728 was $65 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $56. Required: a. 1. Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. 2. Prepare the adjusting journal entry that should be prepared to reflect the reconciling items. b. What is the amount of cash to be included in the June 30 balance sheet for the bank account reconciled? Complete this question by entering your answers in the tabs below.. Required A Required A2 Show the reconciling items in a horizontal model that should be prepared to reflect the reconciling items as on June 30. Note: Enter decreases to account balances with a minus sign. Assets Required B Balance Sheet Liabilities Stockholders' Equity- Net income
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