Practice 2.9 - Record journal entries in the general journal for Catalina Corp. 8/1 8/2 8/3 8/4 8/5 8/7 8/9 8/10 8/11 8/12 8/13 8/26 8/29 8/30 Owner invested $15,000 cash and equipment with a value of $6,500 in exchange for stock. Purchased $450 of supplies on account from Office Depot (invoice #52345). Issued check #505 to Landlord Co. for $850 to pay August rent. Performed $1,400 of services for a Jones Corp. on account (you billed them). Purchased a truck by paying $1,000 down and signing a note for the remainder of $8,500. Paid $450 on account (you wrote check #507 to pay the amount owed from 8/2). Received $1,400 on account (amount owed by Jones Corp. from 8/4) Hired a receptionist for $1,200 a month. Received $5,000 in advance from Sandy Corp. Paid dividends of $5,000 issuing check #508. Issued check #509 for $6,000 to Allstate Co. for next 12 months' insurance coverage. Performed services for Wilma Co. and collected $800. Paid employee salaries of $1,200 issuing check #510. Received August telephone bill from PG&E in the amount of $100 (invoice #999). It is due 9/5.

Practice 2.9 - Record journal entries in the general journal for Catalina Corp. 8/1 8/2 8/3 8/4 8/5 8/7 8/9 8/10 8/11 8/12 8/13 8/26 8/29 8/30 Owner invested $15,000 cash and equipment with a value of $6,500 in exchange for stock. Purchased $450 of supplies on account from Office Depot (invoice #52345). Issued check #505 to Landlord Co. for $850 to pay August rent. Performed $1,400 of services for a Jones Corp. on account (you billed them). Purchased a truck by paying $1,000 down and signing a note for the remainder of $8,500. Paid $450 on account (you wrote check #507 to pay the amount owed from 8/2). Received $1,400 on account (amount owed by Jones Corp. from 8/4) Hired a receptionist for $1,200 a month. Received $5,000 in advance from Sandy Corp. Paid dividends of $5,000 issuing check #508. Issued check #509 for $6,000 to Allstate Co. for next 12 months' insurance coverage. Performed services for Wilma Co. and collected $800. Paid employee salaries of $1,200 issuing check #510. Received August telephone bill from PG&E in the amount of $100 (invoice #999). It is due 9/5.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section: Chapter Questions

Problem 2AP

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Customer check for 45,000 sent to the bank was recorded by the company as 54,000 .a Add in the books $9,000 .b Add in the bank $9,000 .C Deduct from the bank $9,000 .d Deduct from the book $9,000
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**General Journal needed** Review uploaded images Rick Hall owns a card shop: Hall’s Cards. The following cash information is available for the month of August Year 1. As of August 31, the bank statement shows a balance of $13,250. The August 31 unadjusted balance in the Cash account of Hall’s Cards is $9,564. A review of the bank statement revealed the following information: A deposit of $1,250 on August 31, Year 1, does not appear on the August bank statement. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,750 but was recorded on the books as $2,650. When checks written during the month were compared with those paid by the bank, three checks amounting to $4,095 were found to be outstanding. A debit memo for $59 was included in the bank statement for the purchase of a new supply of checks.
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Required information Skip to question [The following information applies to the questions displayed below.] Rick Hall owns a card shop: Hall’s Cards. The following cash information is available for the month of August Year 1. As of August 31, the bank statement shows a balance of $11,930. The August 31 unadjusted balance in the Cash account of Hall’s Cards is $7,214. A review of the bank statement revealed the following information: A deposit of $1,140 on August 31, Year 1, does not appear on the August bank statement. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $1,800 but was recorded on the books as $2,700. When checks written during the month were compared with those paid by the bank, three checks amounting to $5,000 were found to be outstanding. A debit memo for $44 was included in the bank statement for the purchase of a new supply of checks. Requireda. Prepare a bank reconciliation at the end of August showing the…
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