FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Hunter Photography's checkbook lists the following:
Checkbook
Date
|
Check No.
|
Item
|
Check
|
Deposit
|
Balance
|
---|---|---|---|---|---|
Nov. 1
|
|
|
|
$535
|
|
Nov. 4
|
622
|
Quick Mailing
|
$30
|
|
505
|
Nov. 9
|
|
Service Revenue
|
|
$120
|
625
|
Nov. 13
|
623
|
Photo Supplies
|
50
|
|
575
|
Nov. 14
|
624
|
Utilities
|
55
|
|
520
|
Nov. 18
|
625
|
Cash
|
75
|
|
445
|
Nov. 26
|
626
|
Office Supplies
|
85
|
|
360
|
Nov. 28
|
627
|
Upstate Realty Co.
|
255
|
|
105
|
Nov. 30
|
|
Service Revenue
|
|
1,230
|
1,335
|
Hunter's November bank statement shows the following:
Bank Statement
Balance
|
|
|
|
$535
|
Deposits
|
|
|
|
120
|
Checks:
|
No.
|
Amount
|
|
|
|
622
|
$30
|
|
|
|
623
|
50
|
|
|
|
624
|
115*
|
|
|
|
625
|
75
|
|
(270)
|
Other charges:
|
|
|
|
|
Printed checks
|
|
|
$29
|
|
Service charge
|
|
|
5
|
(34)
|
Balance
|
|
|
|
$351
|
*This is the correct amount for check number 624.
|
Requirements
1.
|
Prepare
Hunter
Photography's bank reconciliation at
November
30,
2024.
|
2.
|
How much cash does
Hunter
actually have on
November
30,
2024?
|
3.
|
Journalize any transactions required from the bank reconciliation.
|
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