Hw
jake22
TemplatesWeek5.docxEXERCISE 6-7A
a. & c.
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Han’s Supplies Statements Model |
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Liab. |
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S. Equity |
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Rev. |
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Net Inc. |
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Cash Flow |
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Acct. Rec. |
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(c) |
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b.
c.
d.
e.
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Event |
Account Titles |
Debit |
Credit |
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a. |
Accounts Receivable |
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Cash |
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c. |
Cash |
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Accounts Receivable |
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Miscellaneous Income |
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EXERCISE 6-10A
a.
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Bank Reconciliation |
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Unadjusted Bank Balance 6/30/2016 |
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Add: Deposit in Transit |
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Less: Outstanding Check |
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True Cash Balance 6/30/2016 |
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Unadjusted Book Balance 6/30/2016 |
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Add: Credit Memo for Interest Earned |
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Less: Debit Memo for Service Charge |
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True Cash Balance 6/30/2016 |
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b.
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Date |
Account Titles |
Debit |
Credit |
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Adj 1 |
Cash |
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Interest Revenue |
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Adj 2 |
Bank Service Charge Expense |
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Cash |
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EXERCISE 6-11A
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Unadjusted Bank Balance, 6/30 |
81,500 |
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Plus: Deposits in Transit |
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Less: Outstanding Check |
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True Cash Balance, 6/30 |
$79,039 |
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