module 10 gooseberry inc had a cash balance on the books of 6171 on may 31 498983
Gooseberry Inc. had a cash balance on the books of $6171 on May 31. Cash records for May show the following:
Don't use plagiarized sources. Get Your Custom Essay on
module 10 gooseberry inc had a cash balance on the books of 6171 on may 31 498983
For $10/Page 0nly
Debits/DepositsCredits/Payments
2716 8
544 775
896 88
367 126
2037 970
200
2267
Gooseberry Inc. received the following bank Statement for May:
Bank Statement for May
Beginning Balance
Deposits and other additions:$4,045
May 1625EFT
52,716
10544
15896
18367
311,000BC$6,148
Checks and other deductions:
May 8441NSF
15(check number 1416)8
19340EFT
22(check number 1417)775
29(check number 1418)88
31(check number 1419)216
3125SC-$1,893
$8,300
Additional Data:
The EFT deposti was a receipt of rent revenue. The EFT debit was payment of insurance expense.
The NSF check was received from a customer
The $1000 bank collection was for a note receivable
The correct amount of check 1419 is $216. Gooseberry Inc. mistakingly recorded the check for $126
Requirements:
1. Prepare the bank reconciliation.
2. Prepare the journal entries.
Calculator
Our features
We've got everything to become your favourite writing service
Money back guarantee
Your money is safe. Even if we fail to satisfy your expectations, you can always request a refund and get your money back.
Confidentiality
We don’t share your private information with anyone. What happens on our website stays on our website.
Our service is legit
We provide you with a sample paper on the topic you need, and this kind of academic assistance is perfectly legitimate.
Get a plagiarism-free paper
We check every paper with our plagiarism-detection software, so you get a unique paper written for your particular purposes.
We can help with urgent tasks
Need a paper tomorrow? We can write it even while you’re sleeping. Place an order now and get your paper in 8 hours.
Pay a fair price
Our prices depend on urgency. If you want a cheap essay, place your order in advance. Our prices start from $11 per page.