ACC 301 Home Insert Page Layout Fomulas Data PROTECTED VIEW

ACC 301 Home Insert Page Layout Fomulas Data PROTECTED VIEW Be careful files from the Internet can contain vinuses. Formulas evie e need to edit, it\'s safer to stay in Protected View 42 27 28 30 Bank Reconciliation Journal Entries 31 32 35 36 37 38 39

Solution

Bank Reconciliation Statement: Balance as per bank Statement 254911 Add: Deposit in transit 24500 Error in recording the other customer check 2650 Subtotal 282061 Less: Outstanding checks -16500 Adjusted balance as per Bank statement 265561 Balance as per Books 253560 Add: Collection from Customeer 13400 Subtotal 266960 Less: Service charges -95 Error in recording the c heck -54 NSF check -1250 Adjusted balance as per books 265561 Journal entries: Cash account Dr. 13400        Accounts receivable 13400 Accounts receivable-JT Hutt Account Dr. 1250       Cash account 1250 Accounts payable -Tatooine Account Dr. 54       Cash account 54 Misc expense Account Dr. 95      Cash account 95