Required information (The following information applies to the questions displayed below.) As of June 30,...
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Required information (The following information applies to the questions displayed below.) As of June 30, Year 1, the bank statement showed an ending balance of $18,528. The unadjusted Cash account balance was $17.713. The following information is available: 1. Deposit in transit $2,930, 2. Credit memo in bank statement for interest earned in June: $12. 3. Outstanding check: $3,739. 4. Debit memo for service charge: $6. Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information (Amounts to be deducted should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 8/30/Year 1 True cash balance 6/30/Year 1 Unadjusted book balance 6/30/Year 1 True cash balance 6/30/Year 1 Required information (The following information applies to the questions displayed below.) As of June 30, Year 1, the bank statement showed an ending balance of $18,528. The unadjusted Cash ac was $17.713. The following information is available: 1. Deposit in transit $2,930. 2. Credit memo in bank statement for interest earned in June: $12. 3. Outstanding check: $3,739. 4. Debit memo for service charge: $6. b. Record in general journal format the adjusting entries necessary to correct the unadjusted book balance. (If no e a transaction/event, select "No journal entry required" in the first account field.) View transaction tist Journal entry worksheet Record entry for interest revenue. Note: Enter debits before credits Event General Journal Debit Credit Adj 1 Record entry Clear entry View general journal Required information [The following information applies to the questions displayed below.) As of June 30, Year 1, the bank statement showed an ending balance of $18,528. The unadjusted Cash account balance was $17,713. The following information is available: 1. Deposit in transit: $2,930 2. Credit memo in bank statement for interest eared in June: $12. 3. Outstanding check: $3,739. 4. Debit memo for service charge: $6 Required a. Determine the true cash balance by preparing a bank reconciliation as of June 30, Year 1, using the preceding information (Amounts to be deducted should be indicated with minus sign.) Bank Reconciliation Unadjusted bank balance 6/30/Year 1 True cash balance 6/30/Year 1 Unadjusted book balance 8/30/Year 1 0 True cash balance 6/30/Year 1 $ 0
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