All categories

2 years ago

The following information is available for Pyle Garage for March, Year 2:

Business

1 answer:

trasher [3.6K]2 years ago

8 0

Answer:

See below

Explanation:

Pyle Garage

Bank Reconciliation statement

March 31,

Unadjusted Bank balance

$14,107

March 31,

Add: Deposit in transit

$3,601

Less: Outstanding checks #1,469

($1,557)

Outstanding checks #1,470

($803)

True cash balance March 31, 2018

$15,348

Unadjusted Book balance, March 31

$13,036

Add: Credit memo for collection of

$3,110

Accounts receivables

Less: Error in recording check #1,468

[$890 - $165]

($725)

Debit memo for service charges

($73)

True cash balance March 31,

$15,348

B. Account titles

Cash Dr $3,110

Accounts receivables Cr. $3,110

Equipment Dr $725

Cash. Cr. $725

Bank service charge expense Dr $73

Cash. Cr. $73

You might be interested in

On April 3, a customer returned $ 900 of merchandise that had been purchased with cash to Cooke Supplies. Cooke's cost of the

PIT_PIT [208]

Answer:

The Journal entries are as follows:

(i) Sales revenue A/c Dr. $900

To Cash $900

(To record the correction in sales revenue)

(ii) Merchandise Inventory A/c Dr. $200

To Cost of Goods sold $200

(To record the merchandise returned)

Note:

(1) At the time of sale, the cash would have been debited with the amount of $900 and the sales revenue would have been credited with the amount of $900. Now, the cash of $900 should be credited as it was debited earlier.

(2) The inventory account also credited at the time sale, so it should be debited and the cost of goods sold debited at the time of original sale, so it need to be credited.

4 0

2 years ago

Jack performs his work and his assignments well. Jack is demonstrating that he is _____.

Alenkinab [10]

A and c because jack knows how to do his work

3 0

2 years ago

Read 2 more answers

One of the disadvantages that commonly plague advertisers on contemporary cable television is audience fragmentation. its high a

Nikolay [14]

Long lead time (the answer)(you’re welcome)

4 0

2 years ago

Need help fast, please! Will choose the brainliest!

babymother [125]

Answer:

A covenant not to sue

Explanation:

8 0

2 years ago

The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs th

Alik [6]

Answer:

E-business

Explanation:

E-business is a general term that incorporates all types of utilizing electronic data and communication developments to help and streamline business forms. Interestingly, internet business web-based exchanging of items and benefits. E-business technique has helped customers to purchase whatever they want by just one click, and it has facilitated new small enterprises to start businesses at a low operational cost.

4 0

3 years ago