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Question: tiger honeys cash ledger shows a balance of 287020 which...

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8 Chapter 7 24. Tiger Honeys cash ledger shows abalance of s2,87o.20, which includes a deposit in transit of $890.60 and outstanding checks totaling $500.75. Prepare a bank reconciliation for the company with the given bank statement for the month of August. Record the journal entries to update the companys cash ledger to the adjusted balance. All electronic transfers received should be applied to accounts receivable, while electronic transfers sent should be applied to the companys outstanding balance with Busy Bees. Charles K. Bank of the Carolinas Page 1 Account number 215350 From 7/31/20Y5 to 8/31/20Y5 Balance 7/31 $2,397.72 Amount Balance Date 320.25 2,717.97 8/2 Deposit 8/5 NSF-Dan Snead (46.49 2,671.48 8/8 ACH 300.15 2,971.63 8/12 Check No. 545 (37.50) 2,934.13 8/15 Notes Receivable 300.00 3,234.13 (312.50) 2,921.63 8/20 ACH 8/24 check No. 546 (200.12) 2,721.51 8/28 NSF-Jill Jackson (124.50) 2,597.01 (15.00) 2,582.01 8/31 SC 8/31 ACH 350.00 2,932.01 Balance 8/31 $2,932.01
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