Question

im Naal opera s rol s atm cantar He has ust ac vad 1na mo iy hanic statam nt at luna 30 om Citran National Rank and me stata ma t s s an Rndr na anoe of 740 sed on the s mam-ra an FFT ram c lechon o 33 a servic char ค。f g Mr NSF ks taln $115 and a 10 th rga1n printed checks In reviewing is cash reconds, Neal identies oustanding checks lolsing $807 and aJune 30 depost in ranst or $1,775. During June, he recded a $310 check fer the salary of a perl-time emp oyees 31. Neats Cash account shows a June 20 balance or $1,908 FFR (Cick the icon lo view the bank reconciialion use the bank reconoliain provided to moke the journal entres t at Neal should record on June 30 lu update h Cash account. Include an explanation for each entry. Data Table Record the transactions In the order they appear on the bank reconcilation. Record debits frst, than credts. Select the explanaion on the last Ine of the journal entry table.) Jm Neal Bank Reconciliation June 30, 2014 Joumal Entry Accountsand Explanations June BANK Balance, June 30 Add: Deposit in transit 5 740 1,775 2,515 Less Outstanding checks Adjusted benk belance 5 1,908 Balance, June 30 Add EFT collection-rent 5 1,985 335 2,321 Comecion of book error NSF checks Charge for printed checks Service ce ge 29 10 S 1,909 cucbed book halancn Print Done

Answer 1

Solution:

Journal Entries - Jim Neal
Date	Particulars	Debit	Credit
30-Jun	Cash Dr	$335.00
	To Rent Revenue		$335.00
	(To record rent collection)
30-Jun	Salaries Expense Dr	$279.00
	To Cash		$279.00
	(Correction entry for Book Error)
30-Jun	Accounts receivables Dr	$115.00
	To Cash		$115.00
	(To record NSF check from customer)
30-Jun	Printing charges Dr	$10.00
	To Cash		$10.00
	(Being Printing charges debited by bank)
		$9.00
30-Jun	Service Charges Dr		$9.00
	To Cash
	(Being Service charges debited by bank)