The tollowing data were acocumulated for use in reconciling the bank account of
ID: 2398309 • Letter: T
Question
The tollowing data were acocumulated for use in reconciling the bank account of Zek's Co. for May 2016 1. Cash balance according to the company's records at May 31, 2016, $20.014. 2. Cash balance according to the bank statement at May 31, 2016, $28,514 3. Checks outstanding, $14,232. 4. Depost in transit, not recorded by bank, $6.214 5. A check for $55 in payment of an account was erroneously recorded in the check register as s 6 Bank debit memo for service charges, $13. Journalize the entry or entries that should be made by the company. Refer to the Chart of Aocounts for exact wording of account titlesExplanation / Answer
S.No
Date
Description
Post. Ref.
Debit
Credit
1
Cash
110
495
Accounts Payable
210
495
2
Miscellaneous Exp
590
13
Cash
110
13
S.No
Date
Description
Post. Ref.
Debit
Credit
1
Cash
110
495
Accounts Payable
210
495
2
Miscellaneous Exp
590
13
Cash
110
13
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