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7 100 - $ 0.0 123 run 1. The firm's records indicate that Check 1316 of December 1 was issued for $1,800 to pay the month's rent. However, the canceled check and the listing on the bank statement show that the actual amount of the check was $1,600. g. The bank made an error by deducting a check for $1,120 issued by another business from the balance of the account of Designer's Warehouse. Instructions: 1. Prepare a bank reconciliation statement for the firm as of December 31, 2016 2. Record entries for any items on the bank reconciliation statement that must be journalized. Date the entries December 31, 2016. 12/31/2016 19500 Surrat Warehouse Bank Reconciliation Balance on Bank Statement Additions deposit in transit wrong entry 1 5750 120 subtotal 6870 263701 Bank Rec SAMSUNO Co || 01 AC107 Unit 7 Final Parrots Campground Project Template (1) File Edit View Insert Format Data Tools Add-ons Help Last edit was yesterday at 5:24 PM n 100% - $ % .0 .00 123 Default (Ca.- 14 - B ISA . 1 journal Entries #ERROR! Date The following transactions took place during April April 1 Parrot invested cash in business, $100,000. 5 1 Paid insurance premium for seven-month camping season, $14,000. 2 Paid rent for lodge and campgrounds for the month of April, $25,000. 2 Deposited registration fees, $32,000. Purchased 10 fishing boats on account for $45,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. 2 required Tab Journal Entries - Tab 2 bedger - Tab 4 Adjusting Entries - Tabs Work SAMSUNG 7 100 - $ 0.0 123 run 1. The firm's records indicate that Check 1316 of December 1 was issued for $1,800 to pay the month's rent. However, the canceled check and the listing on the bank statement show that the actual amount of the check was $1,600. g. The bank made an error by deducting a check for $1,120 issued by another business from the balance of the account of Designer's Warehouse. Instructions: 1. Prepare a bank reconciliation statement for the firm as of December 31, 2016 2. Record entries for any items on the bank reconciliation statement that must be journalized. Date the entries December 31, 2016. 12/31/2016 19500 Surrat Warehouse Bank Reconciliation Balance on Bank Statement Additions deposit in transit wrong entry 1 5750 120 subtotal 6870 263701 Bank Rec SAMSUNO Co || 01 AC107 Unit 7 Final Parrots Campground Project Template (1) File Edit View Insert Format Data Tools Add-ons Help Last edit was yesterday at 5:24 PM n 100% - $ % .0 .00 123 Default (Ca.- 14 - B ISA . 1 journal Entries #ERROR! Date The following transactions took place during April April 1 Parrot invested cash in business, $100,000. 5 1 Paid insurance premium for seven-month camping season, $14,000. 2 Paid rent for lodge and campgrounds for the month of April, $25,000. 2 Deposited registration fees, $32,000. Purchased 10 fishing boats on account for $45,000. The boats have estimated useful lives of five years, at which time they will be donated to a local day camp. 2 required Tab Journal Entries - Tab 2 bedger - Tab 4 Adjusting Entries - Tabs Work SAMSUNG

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