The following information pertaining to Saar Video Company 1. Cash balance per bank, July 31, BD 4,263 2. July BBK Bank service charge not recorded by the depositor BD 2.4 3. Cash balance per books, July 31, BD 4,284 4. Deposits in transit, July 31, BD 730 5. BBK Bank collected BD 419 note for Saar Video in July, plus interest BD 3.6, less fee BD 2.2. The collection has not been recorded by Saar Video Co., and no interest has been accrued. 6. Outstanding checks, July 31, BD 291. Required (Prepare a bank reconciliation at July 31.
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- The bank reconciliation shows the following adjustments. Deposits in transit: $1,698 Notes receivable collected by bank: $2,500; interest: $145 Outstanding checks: $987 Error by bank: $436 Bank charges: $70 Prepare the correcting journal entry.The following information pertains to Sunland Video Company. 1. Cash balance per bank, July 31, $8,003. 2. July bank service charge not recorded by the depositor $36. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $1,870. 5. Bank collected $1,270 note for Sunland in July, plus interest $44, less fee $28. The collection has not been recorded by Sunland, and no interest has been accrued. 6. Outstanding checks, July 31, $599. (a) Attempts: 1 of 1 used (b) Journalize the adjusting entries at July 31 on the books of Sunland 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 Enter an account title to record the collection of the note Enter a debit amount Enter a credit amount Enter an account title to record the…The following information pertains to Sunland Video Company. 1. Cash balance per bank, July 31, $8,003. 2. July bank service charge not recorded by the depositor $36. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $1,870. 5. Bank collected $1,270 note for Sunland in July, plus interest $44, less fee $28. The collection has not been recorded by Sunland, and no interest has been accrued. 6. Outstanding checks, July 31, $599. (a) Your answer has been saved. See score details after the due date. Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) SUNLAND VIDEO COMPANYBank ReconciliationChoose the accounting period Select an opening name for section one $Enter a dollar amount Select between addition and deduction…
- 7. The following information pertains to Mekka Company. a. Cash balance as per bank, July 31, RO 14,526 b. July bank service charges not recorded by the depositor RO 56 c. Cash balance as per books, July 31, RO 14,568 d. Deposit in transit, July 31, RO 3,000 e. Bank collected RO 1800 note for Mekka in July, plus interest RO 72, less fee RO 40. The collection has not been recorded by Mekka, and no interest has been accrued. f. Outstanding checks, July 31, RO 1182. Instruction: Prepare bank reconciliation at July 31The following information pertains to Sunland Video Company. 1. Cash balance per bank, July 31, $8,003. 2. July bank service charge not recorded by the depositor $36. 3. Cash balance per books, July 31, $8,024. 4. Deposits in transit, July 31, $1,870. 5. Bank collected $1,270 note for Sunland in July, plus interest $44, less fee $28. The collection has not been recorded by Sunland, and no interest has been accrued. 6. Outstanding checks, July 31, $599. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) SUNLAND VIDEO COMPANYBank ReconciliationChoose the accounting period Select an opening name for section one $Enter a dollar amount Select between addition and deduction :…The following information pertains to Sheffield Video Company. 1. Cash balance per bank, July 31, $8,043. 2. July bank service charge not recorded by the depositor $33. 3. Cash balance per books, July 31, $8,064. 4. Deposits in transit, July 31, $1,890. 5. Bank collected $1,290 note for Sheffield in July, plus interest $41, less fee $25. The collection has not been recorded by Sheffield, and no interest has been accrued. 6. Outstanding checks, July 31, $596. Prepare a bank reconciliation at July 31 and journalize the adjusting entries at July 31 on the books of Sheffield Video Company.
- The following information pertains to Concord Video Company. 1. Cash balance per bank, July 31, $7,763. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,784. 4. Deposits in transit, July 31, $1,750. 5. Bank collected $1,150 note for Concord in July, plus interest $45, less fee $29. The collection has not been recorded by Concord, and no interest has been accrued. 6. Outstanding checks, July 31, $600. (b) Journalize the adjusting entries at July 31 on the books of Concord 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 Enter an account title to record the collection of the note Enter a debit amount Enter a credit amount Enter an account title to record the collection of the note Enter a debit amount Enter a credit amount Enter an account…The following information pertains to Sheridan Video Company. 1. Cash balance per bank, July 31, $7,743. 2. July bank service charge not recorded by the depositor $36. 3. Cash balance per books, July 31, $7,764. 4. Deposits in transit, July 31, $1,740. 5. Bank collected $1,140 note for Sheridan in July, plus interest $44, less fee $28. The collection has not been recorded by Sheridan, and no interest has been accrued. 6. Outstanding checks, July 31, $599. 1. Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) 2. Journalize the adjusting entries at July 31 on the books of Sheridan Video Company. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)The following information pertains to Coronado Video Company. 1. Cash balance per bank, July 31, $8,163. 2. July bank service charge not recorded by the depositor $34. 3. Cash balance per books, July 31, $8,184. 4. Deposits in transit, July 31, $1,950. 5. Bank collected $1,350 note for Coronado in July, plus interest $42, less fee $26. The collection has not been recorded by Coronado, and no interest has been accrued. 6. Outstanding checks, July 31, $597. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CORONADO VIDEO COMPANYBank ReconciliationChoose the accounting period Select an opening name for section one $Enter a dollar amount Select between addition and deduction…
- The following information pertains to Concord Video Company. 1. Cash balance per bank, July 31, $7,763. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,784. 4. Deposits in transit, July 31, $1,750. 5. Bank collected $1,150 note for Concord in July, plus interest $45, less fee $29. The collection has not been recorded by Concord, and no interest has been accrued. 6. Outstanding checks, July 31, $600. (a) Prepare a bank reconciliation at July 31. (List items that increase cash balance first.) CONCORD VIDEO COMPANYBank ReconciliationChoose the accounting period Select an opening name for section one $Enter a dollar amount Select between addition and deduction :…4. The following information pertains to PQR Company. 1. Cash balance per bank, July 31, $7,263. 2. July bank service charge not recorded by the depositor $28. 3. Cash balance per books, July 31, $7,284. 4. Deposits in transit, July 31, $1,500. 5. Bank collected $900 note for PQR in July, plus interest $36, less fee $20. The collection has not been recorded by PQR, and no interest has been accrued. 6. Outstanding checks, July 31, $591. Required: Prepare a bank reconciliation at July 31.The following information is for Pharoah Company: 1. Cash balance per bank, July 31, $6,185. 2. July bank service charge not recorded by the depositor, $17. 3. The bank erroneously charged another company’s $590 cheque against Pharoah’s account. 4. Cash balance per books, July 31, $7,379. 5. The bank charged Pharoah’s account $290 for a customer’s NSF cheque. 6. Deposits in transit, July 31, $1,850. 7. Pharoah recorded a cash receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23. 8. The bank collected a $1,050 note for Pharoah in July, plus interest of $30, less a fee of $17. The collection has not been recorded by Pharoah and no interest has been accrued. 9. Outstanding cheques, July 31, $499. Prepare a bank reconciliation for July 31