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3 years ago

6

Jamarcus's employer pays 80 percent of his medical insurance. If the insurance costs Jamarcus $20 a week, how much is his employ

er paying?

1 answer:

Mazyrski [523]3 years ago

4 0

It's sixty positive must vote brainliest Xd

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On August 1, 2019, the accountant for Western Imports downloaded the company's July 31, 2019. Bank statement from the bank?s Web

Radda [10]

Answer:

Required 1.

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Required 2.

Journal Entries :

J1

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

J2

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

J3

Check 1425 $30 (debit)

Cash $30 (credit)

Explanation:

The first step is to update the Cash Book Bank Balance as follows :

<u>Debit :</u>

Balance as at July 31 $14,183

Credit Transfer : Foncier Ricard $14,300

Totals $28,483

<u>Credit:</u>

Check 1425 understated ($99 - $69) $30

Direct Debit : Central Common $261

Cash Book Updated Balance (Balancing figure) $28,192

Totals $28,483

Then prepare a Bank Reconciliation Statement as at 31 July :

<u>Bank Reconciliation Statement as at 31 July</u>

Balance at bank as per updated Cash Book $28,192

Add Unpresented Cheques

Check 1429 $1,248

Check 1430 $140 $1,388

Less Lodgements not yet credited ($790)

Balance as per Bank Statement $28,790

Journal Entries :

J1

Cash $14,300 (debit)

Accounts Receivable : Foncier Ricard $14,300 (credit)

J2

Accounts Payable : Central Common $261 (debit)

Cash $261 (credit)

J3

Check 1425 $30 (debit)

Cash $30 (credit)

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