Solution for QID #66196: Bank Reconciliation and Related Journal Entries The book | StudyHelpMe

Bank Reconciliation and Related Journal Entries The book balance in the checking account of Johnson Enterprises as of October 31 is $5,720.20. The bank statement shows an ending balance of $5,203.00. The following information is discovered by (1) comparing last month's deposits in transit and outstanding checks with this month's bank statement, (2) comparing deposits and checks written per books and per bank in the current month, and (3) noting service charges and other debit and credit memos shown on the bank statement. Deposits in transit: 10/29 $215.00  10/30 413.00Outstanding checks: No. 1635 55.20  No. 1639 177.00  No. 1641 139.20  No. 1653 455.40Unrecorded ATM withdrawal:*   200.00Bank service charge:   41.00NSF check:   491.00Error on Check No. 1624Checkbook shows it was for $75, but it was actually written for $59. Accounts Payable was debited. *Funds were withdrawn by Enoch Johnson for personal use. Required:Bank statement balance, October 31$ fill in the blank b26a0a0bd02d046_1   Add: deposits in transit  No. 1635  $ fill in the blank b26a0a0bd02d046_4 No. 1639  fill in the blank b26a0a0bd02d046_6 fill in the blank b26a0a0bd02d046_7 $ fill in the blank b26a0a0bd02d046_8     $ fill in the blank b26a0a0bd02d046_11   fill in the blank b26a0a0bd02d046_13   fill in the blank b26a0a0bd02d046_15   fill in the blank b26a0a0bd02d046_17 fill in the blank b26a0a0bd02d046_18 Adjusted bank balance$ fill in the blank b26a0a0bd02d046_19  Book balance, October 31$ fill in the blank b26a0a0bd02d046_20   fill in the blank b26a0a0bd02d046_22 $ fill in the blank b26a0a0bd02d046_23   $ fill in the blank b26a0a0bd02d046_25   fill in the blank b26a0a0bd02d046_27   fill in the blank b26a0a0bd02d046_29 fill in the blank b26a0a0bd02d046_30 Adjusted book balance$ fill in the blank b26a0a0bd02d046_31 2. Prepare the required journal entries. Page:  DATEACCOUNT TITLEDOC. NO.POST. REF.DEBITCREDIT120-- Oct. 31    fill in the blank 438eff02afacfc4_2 fill in the blank 438eff02afacfc4_3 12     fill in the blank 438eff02afacfc4_5 fill in the blank 438eff02afacfc4_6 23 Error on Check No. 1624    34      45Oct. 31    fill in the blank 438eff02afacfc4_8 fill in the blank 438eff02afacfc4_9 56     fill in the blank 438eff02afacfc4_11 fill in the blank 438eff02afacfc4_12 67 Unrecorded ATM withdrawal    78      89Oct. 31    fill in the blank 438eff02afacfc4_14 fill in the blank 438eff02afacfc4_15 910     fill in the blank 438eff02afacfc4_17 fill in the blank 438eff02afacfc4_18 1011 Bank service charge    1112      1213Oct. 31    fill in the blank 438eff02afacfc4_20 fill in the blank 438eff02afacfc4_21 1314     fill in the blank 438eff02afacfc4_23 fill in the blank 438eff02afacfc4_24 1415 NSF check    15