-The following infomation applies to the questions displayed below- Ri.pdf
[The following infomation applies to the questions displayed below] Rick Hail owns a card shop: Hali's Cards. The following cash information is avallable for the month of August Year 1. As of Augunt 31, the bank statement shows a balance of $16.140 . The August 31 unadjusted balance in the Cash account of Halis Cards is $14 , 100 . A revew of the bank statement revealed the following information: 1. A deposit of 54.150 on August 31, Year 1, does not appear on the August bank statement. 2 . It was discovered that a check to pay for baseball cards was correctly witten and pald by the bank for $4 , 500 but was. recorded on the books as $5.400 . 3. When checks written during the month were compared wth those paid by the bank, three checks amounting to $5 , 370 were found to be outstanding. 4. A debit memo for $80 was included in the bank statement for the purchase of a new supply of checks. Prepare any necessary journal entries to adjust the books to the true cash baiance. (if no entry is required for a transaction/event, elect "No journal entry required" in the fint account field.) Journal entry worksheet Record the entry to correct the error created while recording check for inventory. 2 It was discovered that a check to pay for baseball cards was torrectly written and pald by the bank for $4 , 500 but was recorded on the books as $5.400 . 3. When checks witten during the month were compared with those pald by the bank, three checks amounting to $5 , 370 were found to be outstanding. 4. A debit meoto for $80 was included in the bank statement for the purchase of a new supply of checks. Prepare any necessary joumal entries to adjust the books to the true cash balance. If no entry is required for a transactionievent, select "No journal entry required" in the first account field.) Journal entry worksheet No joumal entry required g check Accounts payable Accounts receivable Bank service charge expense Debit Cash Cash short and over Interest revenue Inventory Maintenance expense Meals expense Miscellaneous expense Notes receivable Office supplies expense Petty cash Notes receivable Office supplies expense Petty cash Postage expense Transportation expense.
-The following infomation applies to the questions displayed below- Ri.pdf
[The following infomation applies to the questions displayed below] Rick Hail owns a card shop: Hali's Cards. The following cash information is avallable for the month of August Year 1. As of Augunt 31, the bank statement shows a balance of $16.140 . The August 31 unadjusted balance in the Cash account of Halis Cards is $14 , 100 . A revew of the bank statement revealed the following information: 1. A deposit of 54.150 on August 31, Year 1, does not appear on the August bank statement. 2 . It was discovered that a check to pay for baseball cards was correctly witten and pald by the bank for $4 , 500 but was. recorded on the books as $5.400 . 3. When checks written during the month were compared wth those paid by the bank, three checks amounting to $5 , 370 were found to be outstanding. 4. A debit memo for $80 was included in the bank statement for the purchase of a new supply of checks. Prepare any necessary journal entries to adjust the books to the true cash baiance. (if no entry is required for a transaction/event, elect "No journal entry required" in the fint account field.) Journal entry worksheet Record the entry to correct the error created while recording check for inventory. 2 It was discovered that a check to pay for baseball cards was torrectly written and pald by the bank for $4 , 500 but was recorded on the books as $5.400 . 3. When checks witten during the month were compared with those pald by the bank, three checks amounting to $5 , 370 were found to be outstanding. 4. A debit meoto for $80 was included in the bank statement for the purchase of a new supply of checks. Prepare any necessary joumal entries to adjust the books to the true cash balance. If no entry is required for a transactionievent, select "No journal entry required" in the first account field.) Journal entry worksheet No joumal entry required g check Accounts payable Accounts receivable Bank service charge expense Debit Cash Cash short and over Interest revenue Inventory Maintenance expense Meals expense Miscellaneous expense Notes receivable Office supplies expense Petty cash Notes receivable Office supplies expense Petty cash Postage expense Transportation expense.
![[The following infomation applies to the questions displayed below] Rick Hail owns a card shop:
Hali's Cards. The following cash information is avallable for the month of August Year 1. As of
Augunt 31, the bank statement shows a balance of $16.140 . The August 31 unadjusted balance
in the Cash account of Halis Cards is $14 , 100 . A revew of the bank statement revealed the
following information: 1. A deposit of 54.150 on August 31, Year 1, does not appear on the
August bank statement. 2 . It was discovered that a check to pay for baseball cards was correctly
witten and pald by the bank for $4 , 500 but was. recorded on the books as $5.400 . 3. When
checks written during the month were compared wth those paid by the bank, three checks
amounting to $5 , 370 were found to be outstanding. 4. A debit memo for $80 was included in
the bank statement for the purchase of a new supply of checks. Prepare any necessary journal
entries to adjust the books to the true cash baiance. (if no entry is required for a
transaction/event, elect "No journal entry required" in the fint account field.) Journal entry
worksheet Record the entry to correct the error created while recording check for inventory. 2 It
was discovered that a check to pay for baseball cards was torrectly written and pald by the bank
for $4 , 500 but was recorded on the books as $5.400 . 3. When checks witten during the month
were compared with those pald by the bank, three checks amounting to $5 , 370 were found to be
outstanding. 4. A debit meoto for $80 was included in the bank statement for the purchase of a
new supply of checks. Prepare any necessary joumal entries to adjust the books to the true cash
balance. If no entry is required for a transactionievent, select "No journal entry required" in the
first account field.) Journal entry worksheet No joumal entry required g check Accounts payable
Accounts receivable Bank service charge expense Debit Cash Cash short and over Interest
revenue Inventory Maintenance expense Meals expense Miscellaneous expense Notes receivable
Office supplies expense Petty cash Notes receivable Office supplies expense Petty cash Postage
expense Transportation expense](https://image.slidesharecdn.com/thefollowinginfomationappliestothequestionsdisplayedbelow-ri-230305235610-78b138b6/75/the-following-infomation-applies-to-the-questions-displayed-below-ripdf-1-2048.jpg?cb=1678062662)
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-The following infomation applies to the questions displayed below- Ri.pdf
- 1. [The following infomation applies to the questions displayed below] Rick Hail owns a card shop: Hali's Cards. The following cash information is avallable for the month of August Year 1. As of Augunt 31, the bank statement shows a balance of $16.140 . The August 31 unadjusted balance in the Cash account of Halis Cards is $14 , 100 . A revew of the bank statement revealed the following information: 1. A deposit of 54.150 on August 31, Year 1, does not appear on the August bank statement. 2 . It was discovered that a check to pay for baseball cards was correctly witten and pald by the bank for $4 , 500 but was. recorded on the books as $5.400 . 3. When checks written during the month were compared wth those paid by the bank, three checks amounting to $5 , 370 were found to be outstanding. 4. A debit memo for $80 was included in the bank statement for the purchase of a new supply of checks. Prepare any necessary journal entries to adjust the books to the true cash baiance. (if no entry is required for a transaction/event, elect "No journal entry required" in the fint account field.) Journal entry worksheet Record the entry to correct the error created while recording check for inventory. 2 It was discovered that a check to pay for baseball cards was torrectly written and pald by the bank for $4 , 500 but was recorded on the books as $5.400 . 3. When checks witten during the month were compared with those pald by the bank, three checks amounting to $5 , 370 were found to be outstanding. 4. A debit meoto for $80 was included in the bank statement for the purchase of a new supply of checks. Prepare any necessary joumal entries to adjust the books to the true cash balance. If no entry is required for a transactionievent, select "No journal entry required" in the first account field.) Journal entry worksheet No joumal entry required g check Accounts payable Accounts receivable Bank service charge expense Debit Cash Cash short and over Interest revenue Inventory Maintenance expense Meals expense Miscellaneous expense Notes receivable Office supplies expense Petty cash Notes receivable Office supplies expense Petty cash Postage expense Transportation expense