The following information pertains to Skysong, Inc ... 1. Cash balance per bank, July 31, $7.943. 2. July bank service charge not recorded by the depositor $37. 3. Cash balance per books, July 31, $7,964. 4. Deposits in transit, July 31. $1.840. 5. The bank collected $1,256 in July for Skysong through electronic funds transfer. The collection has not been recorded by Skysong. 6. Outstanding checks, July 31. $600. Prepare a bank reconciliation at July 31. (List items that increase cash balance first. Reconcile cash balance per bank first.) Skysong, Inc. Bank Reconciliation Journalize the adjusting entries at July 31 on the books of Skysong, Inc ... (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To record the collection of accounts receivable.) July 31 (To record the bank service charge.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The following information pertains to Skysong, Inc ... 1. Cash balance per bank, July 31, $7.943. 2. July bank service charge not recorded ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The difference between a 2.5 percent and a 3 percent annual growth rate over several decades could be the difference between
Answers (1)
12. What was the most important aspect of the southern economy in the late nineteenth and early twentieth centuries? a. Agriculture b. Textile mills c. Tobacco production d. Furniture making
Answers (1)
Which statements are true according to the law of supply? 1.) A decrease in demand leads to an increase in supply. 2.) A decrease in demand leads to a decrease in supply. 3.) An increase in price leads to a decrease in supply. 4.
Answers (2)
A fast-food restaurant accepts five dollars in cash as payment for three tacos. This is an example of money's role as a: a. unit of account. b. unit of coincidental want. c. medium of exchange. d. store of value.
Answers (1)
The ceo of a company tells her employees that the organization "is going to be restructuring each department" rather than saying that there will be layoffs in each department. this is an example of
Answers (1)
New Questions in Business
Total cost can be divided into two types of costs:
Answers (1)
Do you believe that managers spend most of their time working with employees? Justify your answer.
Answers (2)
Hotwax makes surfboard wax in a single operation. This period, Hotwax purchased $73,000 in raw materials. Its production department requisitioned $60,500 of those materials for use in production.
Answers (1)
What is an internal source of marketing information for a business? a. Government Planning b. Inventory Records c. Public Library d. Trade Journal
Answers (1)
Who is better off: a person using credit cards or a person refraining from any loans?
Answers (1)