GENERAL LEDGER—COOKIE CREATIONS |
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Cash |
|||||
Date |
Explanation |
Ref |
Debit |
Credit |
Balance |
2020 |
|||||
June 1 |
Balance |
2,657 |
|||
1 |
750 |
3,407 |
|||
3 |
Check #600 |
625 |
2,782 |
||
3 |
Check #601 |
95 |
2,687 |
||
8 |
Check #602 |
56 |
2,631 |
||
9 |
1,050 |
3,681 |
|||
13 |
Check #603 |
425 |
3,256 |
||
20 |
155 |
3,411 |
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28 |
Check #604 |
297 |
3,114 |
||
28 |
110 |
3,224 |
PREMIER BANK Statement of Account—Cookie Creations June 30, 2020 |
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Date | Explanation | Checks and Other Debits | Deposits | Balance | |||||
May 31 | Balance | 3,256 | |||||||
June 1 | Deposit | 750 | 4,006 | ||||||
6 | Check #600 | 625 | 3,381 | ||||||
6 | Check #601 | 95 | 3,286 | ||||||
8 | Check #602 | 56 | 3,230 | ||||||
9 | Deposit | 1,050 | 4,280 | ||||||
10 | NSF check | 100 | |||||||
10 | NSF–fee | 35 | 4,145 | ||||||
14 | Check #603 | 452 | 3,693 | ||||||
20 | Deposit | 125 | 3,818 | ||||||
23 | EFT–Telus | 85 | 3,733 | ||||||
28 | Check #599 | 361 | 3,372 | ||||||
30 | Bank charges | 13 | 3,359 |
Additional information:
1. | On May 31, there were two outstanding checks: #595 for $238 and #599 for $361. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2. | Premier Bank made a posting error to the bank statement: check #603 was issued for $425, not $452. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. | The deposit made on June 20 was for $125 that Natalie received for teaching a class. Natalie made an error in recording this transaction. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4. | The electronic funds transfer (EFT) was for Natalie’s cell phone use. Remember that she uses this phone only for business. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5. |
The NSF check was from Ron Black. Natalie received this check for teaching a class to Ron’s children. Natalie contacted Ron, and he assured her that she will receive a check in the mail for the outstanding amount of the invoice and the NSF bank charge.
|
Date | Account title | Debit | Credit |
Jun-31 | Bank charges / Misc. expenses | $ 13 | |
Cash | $ 13 | ||
(To record bank charges) | |||
Jun-31 | Sales | $ 30 | |
Cash | $ 30 | ||
(To correct error in deposit made on June 20) | |||
Jun-31 | Telephone charges | $ 85 | |
Cash | $ 85 | ||
(To record EFT) | |||
Jun-31 | Accounts receivable | $ 135 | |
Cash | $ 135 | ||
(To record NSF check) |
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