Net Solutions; banks statement shows the following: Balance Deposits Debit Checks Other charges No. 622- 623- 624- 625 Amount $15 55- 115* 60 $540- 130, 35- 20₂ (245), Printed checks > EFT, (55). Balance $370- *This is correct number for check number 624. Requirements 1 Prepare the bank reconciliation for Net Solutions at Nov. 30,2021. 2. Journalize any required entries from the bank reconciliation.
Net Solutions; banks statement shows the following: Balance Deposits Debit Checks Other charges No. 622- 623- 624- 625 Amount $15 55- 115* 60 $540- 130, 35- 20₂ (245), Printed checks > EFT, (55). Balance $370- *This is correct number for check number 624. Requirements 1 Prepare the bank reconciliation for Net Solutions at Nov. 30,2021. 2. Journalize any required entries from the bank reconciliation.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 5EB: The bank reconciliation shows the following adjustments. Deposits in transit: $526 Outstanding...
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Question
Transcribed Image Text:Preparing a bank reconciliation and journal entries.
Net Solutions' checkbook lists the following:
Date Check Item
No.
Nov. 1
4 622
90
13 623
14 624
18 625
26 626
28 627
30
Quick Mailing
Service Revenue®
Photo Supplies
Utilities
Cash
Office Supplies
Upstate Reality Co.
Service Revenue
Check Deposit Balance
P
P
$15.
55+
75
60
85
265
P
P
P
P
$540,
525
655
600
525-
465
380
115
1,210 1,325-
$130-
12
Transcribed Image Text:Net Solutions; banks statement shows the following:
Balance
Deposits
Debit Checks
Other charges
No.
622+
623-
624
625-
P
Amount
$15.
55
115*,
60₂
35
20-
$540-
130,
(245),
Printed checks
EFT,
(55),
Balance
$370-
*This is correct number for check number 624.
Requirements
1 Prepare the bank reconciliation for Net Solutions at Nov. 30,2021.
2. Journalize any required entries from the bank reconciliation.
12
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