Prepare a bank reconciliation.
Required: Show the accounting entries that must be made byMatrix in journal entry and T-Account format
MATRIX INC. BANKRECONCILIATION
Cash balance per bank
$8,500
Cash balance per books (general ledger)
$7,320
Outstanding checks
$3,6000
Check mailed to the bank for deposit had
not reached the bank by the statement
date.
$2,050
NSF check returned by the bank for
accounts receivable
$200
July interest earned on the bank statement
$10
Check no. 700 for misc. expense cleared
the bank for $200; erroneously recorded
in the Matrix books for $20
| Prepare a bank reconciliation. Required: Show the accounting entries that must be made byMatrix in journal entry and T-Account format MATRIX INC. BANKRECONCILIATION | |
Cash balance per bank | $8,500 |
Cash balance per books (general ledger) | $7,320 |
Outstanding checks | $3,6000 |
Check mailed to the bank for deposit had | |
not reached the bank by the statement | |
date. | $2,050 |
NSF check returned by the bank for | |
accounts receivable | $200 |
July interest earned on the bank statement | $10 |
Check no. 700 for misc. expense cleared | |
the bank for $200; erroneously recorded | |
in the Matrix books for $20 | |
Related questions
Cash balance per bank | $8,500 |
Cash balance per books (general ledger) | $7,320 |
Outstanding checks | $3,6000 |
Check mailed to the bank for deposit had | |
not reached the bank by the statement | |
date. | $2,050 |
NSF check returned by the bank for | |
accounts receivable | $200 |
July interest earned on the bank statement | $10 |
Check no. 700 for misc. expense cleared | |
the bank for $200; erroneously recorded | |
| in the Matrix books for $20 T Account format entries |
MATRIX INC. BANK RECONCILIATION | |
Cash balance per bank | $8,500 |
Cash balance per books (general ledger) | $7,320 |
Outstanding checks | $3,6000 |
Check mailed to the bank for deposit had | |
not reached the bank by the statement | |
date. | $2,050 |
NSF check returned by the bank for | |
accounts receivable | $200 |
July interest earned on the bank statement | $10 |
Check no. 700 for misc. expense cleared | |
the bank for $200; erroneously recorded | |
in the Matrix books for $20 | |
Prepare a bank reconciliation. | |
Shown the accounting entries that must be made by Matrix injournal entry and T-Account format. | |
MATRIX INC. BANK RECONCILIATION | |
Cash balance per bank | $8,500 |
Cash balance per books (general ledger) | $7,320 |
Outstanding checks | $3,6000 |
Check mailed to the bank for deposit had | |
not reached the bank by the statement | |
date. | $2,050 |
NSF check returned by the bank for | |
accounts receivable | $200 |
July interest earned on the bank statement | $10 |
Check no. 700 for misc. expense cleared | |
the bank for $200; erroneously recorded | |
in the Matrix books for $20 | |
Prepare a bank reconciliation. | |
Shown the accounting entries that must be made by Matrix injournal entry and T- ACCOUNT FORMAT | |
