Professional Documents
Culture Documents
11
Dr Cash 736
Note: (Freight-in --> Inventories) Cr Notes receivable 700
Cr Interest income/Interest r 36
Dr Other expense 20
Cr Cash 20
E7.12
Bank Reconciliation
Dr cash 45
Cr Interest Income 45
Dr Cash
Cr Notes receivable
Cr Interest Income
Dr Other expense
Cr cash
e7.7
7.13
P7.3
7.4
7.5
7.6
Bank reconciliation
7284 Book
-28 (Bank charge)
700
36 Note collection
-20
7972
Bank Reconciliation
Bank: 16422 Book: 17404
5450 (deposit in transit) 2530 (note collection
-2383 (outstanding checks) 45 (Interest earned
-425
-65
19489 19489
Dr Cash 2530
Cr Notes receivable 2500
Cr Interest income 30
Dr Other expense 65
Cr Cash 65
Dr Cash 45
Cr Interest income 45
Dr Stamp Inventory 39
Dr Freight-Out 21
Dr Miscellaneous Ex 11
Dr Travel Expense 24
Dr Cash over&short 3
Cr Cash 98
Dr Petty Cash 75
Cr Cash 75
E7.11
Bank Reconciliation
Bank: 7263 Book: 7284
1300 Deposit in transit -28 Bank service charges
-591 Outstanding checks 700
36 Note collection
-20
7972 7972
Dr Bank ch 28
Cr Cash 28
Dr Cash 736
Cr Notes receivable 700
Cr Interest income 36
Dr other e 20
Cr Cash 20
Bank Reconciliation
Bank: 16422 Book: 17404
5450 Deposit in transit 2530 Notes collection
-2383 Outstanding checks 45 Interest earned
-425 NSF check
-65 Deposit box rent
19489 19489
Dr Cash 2530
Cr Notes receivable 2500
Cr Interest income 30
Dr Cash 45
Cr Interest income 45
Dr Other expense 65
Cr Cash 65
E7.7
1-May
Dr Petty Cash 100
Cr Cash 100
1-Jun
Dr Delivery expense 31.25
Dr Postage expense 39
Dr Miscellaneous exp 25
Dr Cash over&Short 3
Cr Cash 98.25
1-Jul
Dr Delivery expense 21
Dr Entertainment exp 51
Dr Miscellaneous exp 24.75
Cr Cash 96.75
10-Jul
Dr Petty Cash 30
Cr Cash 30
E7.13
Dr Bank charges 25
Cr Cash 25
Dr Cash 1520
Cr Accounts receivable 1520
Dr Accounts payable 36
Cr Cash 36
Journalize:
Dr Cash 2242
Cr Accounts receivable 2242
Dr Other expense 85
Cr Cash 85
Dr Accounts payable 90
Cr Cash 90
Dr Accounts receivab 9
Cr Cash 9
Bank collected through EFT
Additional company checks
Error of overstate
Error of overstate
P7.6
Bank reconciliation
Bank: 6968 Book: 6738.9
-276.25 Outstanding checks -40 Additional company checks
1880.15 Deposit in transit -50 Error of overstate in cash receipts entry
360 Check incorrectly charged to T -27 Error of understate checks
2690 Bank collected through EFT
-380 NSF charge for a check
8931.9 8931.9
Adjusting entries
Dr Other expense 40
Cr Cash 40
Dr Accounts receivabl 50
Cr Cash 50
Dr Accounts payable 27
Cr Cash 27
Dr Cash 2690
Cr Accounts receivable 2690
X = 13622
Dr Cash 500000
Cr Common Stock 500000
Dr Inventories 73000
Cr Accounts payable 20000
Cr Cash 53000
Dr Cash 262000
Cr Sales revenue 262000
Dr Cash 36000
Cr Unearned service revenue 36000
Dr Supplies 20000
Cr Cash 20000