Homework SourseRECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT DATE
RECORD ALL CHARGES OR CREDITS THAT AFFECT YOUR ACCOUNT
| DATE | DESCRIPTION OF | PAYMENT/ DEBIT | FEE (IFANY) | DEPOSIT/ CREDIT | BALANCE | |||||
| NUMBER | 2015 | TRANSACTION | (–) | (–) | (+) | $ | 4,550.00 | |||
| 959 | 7/7 | AT+T | $151.40 | $ | $ | –151.40 | ||||
| 4,398.60 | ||||||||||
| 960 | 7/15 | Staples | 69.50 | –69.50 | ||||||
| 4,329.10 | ||||||||||
| 7/19 | Deposit | 1,090.00 | 1,090.00 | |||||||
| 5,419.10 | ||||||||||
| 961 | 7/20 | West Electric | 497.58 | –497.58 | ||||||
| 4,921.52 | ||||||||||
| 962 | 7/24 | Bank of America | 405.14 | –405.14 | ||||||
| 4,516.38 | ||||||||||
| 7/29 | Deposit | 406.00 | 406.00 | |||||||
| $ | 4,922.38 | |||||||||
Solution
Solution - Recording of transaction effecting accounts
As we can see, entries of $151.4, $1090, $405.14 is already reflecting in the accounts except the entry of Service charges of $10.2
| Date | Accounts Title | Debit | Credit |
| July 30 | Service Charges | $10.2 | |
| Bank | $10.2 | ||
| (Service charges debited in bank statement is debited in accounts) |
