Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 8-11 a-b (video) the following informatio

Exercise 8-11 a-b (Video) The following information pertains to Bonita Video Company, 1. Cash balance...

70.2K

Verified Solution

Question

Accounting

image

image

image

Exercise 8-11 a-b (Video) The following information pertains to Bonita Video Company, 1. Cash balance per bank, July 31, $7,763. 2. July bank service charge not recorded by the depositor $38. 3. Cash balance per books, July 31, $7,784. 4. Deposits in transit, July 31, $1,750. 5. Bank collected $1,150 note for Bonita in July, plus interest $46, less fee $30. The collection has not been recorded by Bonita, and no interest has been accrued. 6. Outstanding checks, July 31, $601. Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) BONITA VIDEO COMPANY Bank Reconciliation BONITA VIDEO COMPANY Bank Reconciliation LA S A v V $ Journalize the adjusting entries at July 31 on the books of Bonita Video Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit July 31 (To record the collection of the note.) July 31 (To record the bank service charge.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

10 of the correct value This may be due to roundoff error or you could...

Basic Math
Q

Superheated steam at 8 MPa and 480°C leaves the steam generator of a vapor power plant....

Mechanical Engineering
Q

full theory and mathematical derivatives behind induction type Instruments

Electrical Engineering
Q

Some people believe that corporal punishment is an effective way of raising properly behaved children, and...

General Management
Q

Example 17 42 A column of air and a tuning fork produces 4 beats s...

Physics
Q

(1 point) Let F = xi + (x + y) j + (x ? y...

Calculus
Q

Flint Possible inc. (FP) is a...

Accounting
Q

Indigo Co. reported $180,000 of net income for 2017. The accountant, in preparing the statement...

Accounting
Q

Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of...

Accounting
Q

The number of new products developed might be a measure on this section of the...

Accounting
Q

1.The company purchased inventory on account for $26,500 on October 12. Terms of the purchase...

Accounting
Q

Question 29 0.8 pts Afirm is worth $85 or $215 with equal probability and is...

Finance