Question

The Cash section of the bank reconciliation for La Jolla Company for July 31 follows:

Book Balance as of 07/31 $7,077.50

Add: Error in recording check #2865 payable to

Jenson Company to pay an Accounts Payable

balance (recorded check for $12 too much)      12.00

$7,089.50

Deduct: NSF check from Joe Caville   -$95.00

Bank service charge -14.00

NSF Fee -15.00 - 124.00

Reconciled Book Balance as of 07/31 $6,965.50

======== Journalize the entries required to bring the general ledger up to date as of July of this year.

Answer 1

Date	Accounts titles and Explanation	Debit ($)	Credit ($)
July	Cash	$ 12
	Accounts Payable		$ 12
	(To record the error in recording )
July	Accounts Receivable	$ 95
	Cash		$ 95
	(To record the NSF check)
July	Miscellaneous expense (or ) Bank Service Exp.	$ 14
	Miscellaneous expense (or ) NSF Fee	$ 15
	Cash		$ 29
	(or )
	Miscellaneous expense ($ 14 + $ 15)	$ 29
	Cash		$ 29
	(To record the expenses )