Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercises following information is for brad's burg

Exercises following information is for Brad's Burger Company E7-11 The , Cash balance per bank,...

70.2K

Verified Solution

Question

Accounting

image

Exercises following information is for Brad's Burger Company E7-11 The , Cash balance per bank, July 31, $7,363, rvice charge not recorded by the depositor, $22. Prepar and rel charged another company's $700 cheque against Brad's Burger's account. bank erroneously The The b Brad's Burger Gahank harged Brad's Burger's account $350 for a customer's NSF cheque. its in transit, July 31, $2,200. 6. Deposi 7 recorded a cash receipt from a cash sale from a customer as $32. The bank correctly recorded it as $23. 8. The bet hen e bank collected a $1,250 note for Brad's Burger in July, plus interest of $36, less a fee of $20. The collection recorded by B rad's Burger and no interest has been accrued. has not 9. Outstanding cheques, July 31, $594. Instructions (a) Prepare a bank reconciliation for July 31. (b)I lournalize the adjusting entries for july 31 on the books of Brad's Burger Company. P-12 On April 30, the bank reconciliation of Hidden Valley Company shows a deposit in transit of $1.437. The D

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students