please help (jornal entry B is "Record the amounts that increase cash") ...

50.1K

Verified Solution

Question

Accounting

please help
(jornal entry B is "Record the amounts that increase cash")
image
image
image
The cosh records end bank statement for the mocith of May for Houdini Entertainiment are shown bellow Addrione information Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer DC Debit card Additional information: a. The difference in the beginning balances in the company's records and the bank statement relates to checks number 469 and number 470, which are outstanding as of April 30, 2024 (prior month). b. The bank made the EFT on May 20 in error. The bank accidentally charged Houdini for payment that should have been made on another account. Required: 1. Prepare a bank reconciliation for Houdini's checking account on May 31, 2024 2. Record the necessary cash adjustments. Complete this question by entering vour answers in the tabs below. Prepare a bank recondliation for Houdini's checking account on May 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entefing in the bank recondiliation.) Required: 1. Prepare a bank reconciliation for Houdini's checking account on May 31,2024. 2. Record the necessary cash adjustments. Complete this question by entering your answers in the tabs below. Record the necessary cash adjustments. (If no entry is required for a transactionfevent, select wo Journal Entry Require account field. Total entries to the same account together when entering in the journal entry carousel.) Journal entry worksheet

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students