Reference no: EM13482393
From the following statement, please (1) complete bank reconciliation for Jimmy's Deli found on the reverse of the bank statement and (2) journalize the appropriate entries as needed.
A. A deposit of $2,300 is in transit
B. Jimmy's Deli has an ending ceck balance of $4470
C. Checks Outstanding no.111 $950 no. 119 $1160; no. 121 $280
D. Stanley Pennant's check for $1500 bounced due to lack of sufficient funds
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Rio Mean Branch
Bugna Texas
Jimmy's Deli
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Old Balance Checks and other Deposits Date New Balanace
withdrawals in order of payement
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5,300 2/2 5,300
70.00 230.00 2/3 5,000
110.00 360.00 2/10 5,250
540.00 530.00 2/15 5,240
1,500.00 NSF 270.00 2/20 4,010
1,350.00 1,250.00 2/24 3,910
570.00 60.00 SC 160.00 2/28 3,440
I am typing it out below again because table's format is getting screwed.
Old balance: 5,300
Date: 2/2
New Balanace: 5,300
Checks and other withdrawals in order of payement: 70.00 230.00
Date: 2/3
New Balanace: 5,000
Checks and other withdrawals in order of payement: 110.00
Deposits: 360.00
Date: 2/10
New Balanace: 5,250
Checks and other withdrawals in order of payement: 540.00
Deposits: 530.00
Date: 2/15
New Balanace: 5,240
Checks and other withdrawals in order of payement: 1500.00 NSF
Deposits: 270.00
Date: 2/20
New Balanace: 4,010
Checks and other withdrawals in order of payement: 1350.00
Deposits: 1250.00
Date: 2/24
New Balanace: 3,910
Checks and other withdrawals in order of payement: 770.00 60.00 SC
Deposits: 160.00
Date: 2/28
New Balanace: 3,440