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Question: systems understanding aid 9th edition: is there a solution for this while project? Im stuck on making the bank reconciliation because the numbers of the bank statement and general ledger are not adding up. –Free Chegg Question Answer

systems understanding aid 9th edition: is there a solution for this whileproject? Im stuck on making the bank reconciliation because the numbers of the bank statement and general ledger are not adding up.

wanen Sports Supply Bank Reconciliation December 2017 Bank stat General ledger 103.372.26 unadjusted balance 12/31/17 93.330.
Document No. 1 Transactions List December 16-31, 2017 Complete each of the following transactions in accordance with the seve
December 18 Borrowed $60.000 from First American Bank and Trust by issuing a two-year note Yes No. 8) for $60.000 was receive
Document No. 22 December ✓ No 20 Increased employee pay rates, and employees changed their federal income tax withholding amo
December Yes 26 Received vendor invoice No. 34719 (Doe No. 18) from Velocity Sporting Goods for goods ordered December 18 and
flowchant pg 23 writing the check Yes 29 December Received the 11-inch tablets ordered on Warens purchase order No. 325 (Doc
Document NU. WAREN SPORTS SUPPLY LIST OF ITEMS CLEARING WITH BANK STATEMENT DECEMBER 2017 CHECKS Check Number Date Written Da
Document First American BANK AND TRUST COMPASS Statement of Account Chip, Illinois como FOR ASSISTANCE: CALL 1-800-FAB-2864 P
quirin onciliar CASH RECEIPTS JOURNAL November and December di RC DEBIT CREDIT Other GIL Post ment Trans Dep Ctrl Init Cash G
PURCHASES JOURNAL November and December DEBIT le Other G/L Acct. Date Vendor Invoice No. 33371 2275 Purchases G/L 30500 273 8
KAND CASH DISBURSEMENTS JOURNAL December Chic CREDIT DEBIT Other GIL Purchases Discounts G/L 30700 Accounts Payable G/L 20100
froll ta ND PAYROLL JOURNAL November and December EARNINGS DEDUCTIONS PAYMENT Regular Hours Overtime Hours Overtime Pay Date
GENERAL LEDGER -CASH Balance Forward Oct. Oct 31 Journal Net Wages and Salary Bank Service Charge 103 9564 30 Now Net Wages a
GENERAL LEDGER Credit Debit Balance -0 Debat 10500 - PREPAID EXPENSES Journal Oct 1 Balance Forward Credit 10600 - MARKETABLE
GENERAL LEDGER - ACCUMULATED DEPRECIATION 1 Balance Forward Journal Oct Debt Credit Credit Cars Balance 81 559 50 NF 15000 -
Credi GENERAL LEDGER Crede 20700 - De 02.52.00 Journal Oct 20300 - FEDERAL INCOME TAXES WITHHELD 1021200 1027544 0215,44 Bala
GENERAL LEDGER 2000 -FEDERAL INCOME TAXES PAYABLE Balance Forward - Oct Journal Den Cre Credit Balance -0- 20000 - DIVIDENDS
GENERAL LEDGER 26000 - COMMON STOCK Credit Credit Balance 225000.00 Debit Journal Oct. ! Balance Forward Credit 27000-PAID-IN
GENERAL LEDGER - SALES Journal od 30 Balance Forward 31 Credit Sales Cash Sales Credit Sales Cash Sales credit sales Cash sal
GENERAL LEDGER Deb Credit 30500 - PURCHASES De Jour 44183500 1051 2000 1018 500 00 Balance Forward Oct. 1 Oct 31 Nov. 30 DO 3
CAINILOSS ON SALE OF FIXED ASSETS GENERAL LEDGER 1 Balance Forward Od Journal 00 00 00 De C Balance JAN-GAINILOSS ON SALE OF
GENERAL LEDGER 40100 - RENT EXPENSE Credit Debit Journal Debit Balance 43200,00 48000 DO 52800.00 CODE Oct. Balance Forward 1
GENERAL LEDGER - WAGES AND SALARIES EXPENSE 1 71 30 Balance Forward Journal Det Cr Ad NUK ACL/31 VY 1280 143 PR 1324350 PRH s
GENERAL LEDGER Credit Deb Balance -0- 40900 - BAD DEBT EXPENSE Debar Journal Oct. 1 Balance Forward Credit 41000 - OTHER OPER
ACCOUNTS PAYABLE SUBSIDIARY LEDGER VELOCITY SPORTING GOODS Pierre, SD 57501 TERMS: 2/10. Net 30 FREIGHT: Collect Description
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER CREDIT LIMIT: 125 Credit Debit Balance Description -- 29018.00 290 1800 2901 800 406 RO
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER LIMIVERSITY OF SOUTHERN IOWA pub, IA 52003 Description 1 Debt Balance Forward Tavoice #
FIXED ASSET SUBSIDIARY LEDGER Inventary Handling System And From Conveyor Systems Inc. 10 years inted Life Asset Record Credi
GENERAL JOURNAL November and December Post Debit Credit 1085.91 Account Date No. Explanation Nov. 30 40600 Payroll Tax Expens
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PURCHASES JOURNAL
DateVendorVendor Invoice No.DEBITCREDIT
Purchases GL 30500Other GLAccounts Payable GL 20100Purchases Returns GL
Acct. No.Trans. AmountSubs. Acct. No.Trans. Amount
Dec. 22Velocity Sporting Goods347191354425213544
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
252 VELOCITY SPORTING GOODS
DateDescriptionDebitCreditBalance
Dec. 22Vendor Invoice #347191354413544
Dec. 28Check135440

The purchases and accounts payable will be recorded to the extent of the value of goods received. Thus, the same will be recorded for $13544 in the purchases journal and the accounts payable subsidiary ledger.

Note: Only relevant portions of the purchases journal and the accounts payable subsidiary ledger have been shown.



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