The bookkeeper at Martin Company has asked you to prepare a bank recon.docx
The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31 . The bank statement for May 1 and ihe May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18 , 100 . No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Required: 1. Prepare a bank reconciliation for May. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? If the company also has $43 on hand, which is recorded in a different account called Cash on Hand, what total amount of Cash and Fash Equivalents should be reported on the balance sheet at the end of May? .
The bookkeeper at Martin Company has asked you to prepare a bank recon.docx
The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31 . The bank statement for May 1 and ihe May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18 , 100 . No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Required: 1. Prepare a bank reconciliation for May. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? If the company also has $43 on hand, which is recorded in a different account called Cash on Hand, what total amount of Cash and Fash Equivalents should be reported on the balance sheet at the end of May? .
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The bookkeeper at Martin Company has asked you to prepare a bank recon.docx
- 1. The bookkeeper at Martin Company has asked you to prepare a bank reconciliation as of May 31 . The bank statement for May 1 and ihe May T-account for cash showed the transactions listed below. Martin Company's bank reconciliation at the end of April showed a cash balance of $18 , 100 . No deposits were in transit at the end of April, but a deposit was in transit at the end of May. Required: 1. Prepare a bank reconciliation for May. Prepare any journal entries required as a result of the bank reconciliation. (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the ledger? If the company also has $43 on hand, which is recorded in a different account called Cash on Hand, what total amount of Cash and Fash Equivalents should be reported on the balance sheet at the end of May?