5987 244 5908 384 5909 1,882 9,514 Date Cash Explanation Account Number 101 PR Debit Credit Balance August 31 Balance 15,444 September 30 September 30 Total receipts R12 11,560 27,004 Total payments D23 9,514 17,490 Additional Information (a) Check Number 5904 is correctly drawn for $2,082 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,044. (b) The NSF check shown in the statement was originally received from a customer, S. Nilson, In payment of her account. Its return has not yet been recorded by the company (c) The credit memorandum (CM) Is from the collection of a $1,680 note for Chavez Company by the bank. The collection is not yet recorded. 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. View transaction list Journal entry worksheet < 1 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal >

5987 244 5908 384 5909 1,882 9,514 Date Cash Explanation Account Number 101 PR Debit Credit Balance August 31 Balance 15,444 September 30 September 30 Total receipts R12 11,560 27,004 Total payments D23 9,514 17,490 Additional Information (a) Check Number 5904 is correctly drawn for $2,082 to pay for computer equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Computer Equipment and a credit to Cash of $2,044. (b) The NSF check shown in the statement was originally received from a customer, S. Nilson, In payment of her account. Its return has not yet been recorded by the company (c) The credit memorandum (CM) Is from the collection of a $1,680 note for Chavez Company by the bank. The collection is not yet recorded. 2. Prepare journal entries to adjust the book balance of cash to the reconciled balance. Note: If no entry is required for a transaction/event, select "No Journal entry required" In the first account field. View transaction list Journal entry worksheet < 1 2 3 4 5 6 Record the entry related to the September 30 deposit, if required. Note: Enter debits before credits. Date September 30 General Journal Debit Credit Record entry Clear entry View general journal >

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.4C

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