50.1K

Verified Solution

Link Copied!

Please help with all parts thank you

Whispering Winds Kayak Company's bank statement for the month of September showed a balance per bank of $7,070.T The company's Cash account in the generalledger had a batance of $5,728 at September 30 . Other information is as folfows: (1) Cash receipts for September 30 recorded on the company's books were $6,020 but this amount does not appear on the bank statement. (2) The bank statement shows a debit memorandum for $59 for check printing charges. (3) Check No. 119 payable to Blacque Company was recorded in the cash payments journal and cleared the bank for $437. A review of the accounts payable subsidiary ledger shows a $36 credit balance in the account of Blacque Company and that the payment to them should have been for $473. (4) The total amount of checks still outstanding at September 30 amounted to $4,970. (5) Check No. 148 was correctly written and paid by the bank for \$204. The cash pryment journal reflects an entry for Check No. 148 as a debit to Accounts Payable and a credit to Cash in Bank for $240. (6) The bank returned an N5F check from a customer for $510 (7) The bank included a credit memorandum for $2,925 which represents collection of a customer's note by the bank for the company: principal amount of the note was $2,770 and interest was $155. Interest has not been accrued. Prepure a bank reconciliation for Whispering Winds Kayak Companyat September 30 . (thit items that increase cash balance first.) Cishewanke Per books 5 3728 Add : Arcounts Payabie Error s Coluction of Wote and inleres! SUPPORT Q educationwiloyeom c. () 1+C Oontogin chapter 00 Outites B cta-chaptor ce apter 08 Question 8 of 8 11 Accounts Pavable Error $ Coliection of Note and interest E SUPPoRT eTextbook and Media Prepare ary adjusting entries necessury as a result of the bank reconcitiation. (Credit account titles dee dufomatically indented when the amoint is entered. Do not indent manually List all debit entries before credit entries) (To record collection of note recelvable and interest by the bank) 30 (To record check printing charges) 30 (To record NSF check)

Answer & Explanation Solved by verified expert

See Answer