100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary QuestionChapter 4 Homework i 6 The cash records and bank statement for the month of May fo $7.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Axia University Of Phoenix
  4.  
  5. ACC 290

Summary

Summary QuestionChapter 4 Homework i 6 The cash records and bank statement for the month of May fo
 1 view  0 purchase

Chapter 4 Homework i 6 The cash recordsQuestionChapter 4 Homework i 6 The cash records and bank statement for the month of May for Daniels Entertainment are shown below. DANIELS ENTERTAINMENT 28 Cash Account Records points May 1, 2024, to May 31, 2024 Cash Balance cash Cash Balance Skipped May 1, 2...

[Show more]

Preview 2 out of 5  pages

Document information

  • October 6, 2024
  • 5
  • 2024/2025
  • Summary

Subjects

Written for

All documents for this subject (144)

Seller

avatar-seller
newage

Reviews received

Content preview

Question


Chapter 4 Homework i 6 The cash records and bank statement for the month of

May for Daniels Entertainment are shown below. DANIELS

ENTERTAINMENT 28 Cash Account Records points May 1, 2024, to May 31,

2024 Cash Balance cash Cash Balance Skipped May 1, 2024 Receipts Cash

Disbursements May 31, 2024 $5, 370 + $11,590 $11, 680 $5, 280 Cash Receipts

Cash Disbursements Date Description Amount Date Description Memo Amount

5/3 Sales $1, 370 5/7 DC Legal fees $1, 210 5/10 Sales 1, 800 5/12 DC Property

tax 1, 580 Book 5/17 Sales 2,430 5/15 salaries 3,510 5/24 Sales 2,900 5/22 DC

Advertising 1,410 5/31 sales 3, 090 5/30 CHK number 471 Supplies 460 5/31

CHK number 472 Salaries 3, 510 References $11, 590 $11, 686 P.O. Box

162647 Midwest Bank Bowlegs, OK 74830 (405) 369-CASH Looking Out For

You Member FDIC Daniels Entertainment Account Number: 7772854360

Account Holder : 124 Saddle Blvd, Bowlegs, OK 74830 Statement Date: May

31, 2024 Account Summary Beginning Balance Deposits and Credits

Withdrawals and Debits Ending Balance May 1, 2024 Number Total Number

Total May 31, 2024 $6, 170 $9,672 $9,371 $6,471 Account Details Deposits and

, Credits Withdrawals and Debits Daily Balance Date Amount Description Date

Number Amount Description Date Amount 5/4 $1, 370 DEP 5/1 469 $460 CHK

5/1 $5, 710 5/11 1, 800 DEP 5/2 470 340 CHK 5/2 5, 370 5/18 2, 430 DEP 5/7

1, 210 DC 5/4 i, 740 5/20 1, 100 NOTE 5/11 310 NSF 5/9 i, 530 5/ 20 51 INT

5/12 ,580 DC 5/11 7,020 5/25 2, 900 DEP 5/ 15 3, 510 DC 5/12 5,440 5/31 21

INT 5/20 510 LEFT 5/18 4, 360 5/22 1, 410 DC 5/20 5/31 5,601 41 5/25 6. 491

$9, 672 $9,371 5/31 $6, 471 Description DEP Customer deposit INT Interest

earned SF Service fees NOTE Note collected CHK Customer check NSF

Nonsufficient funds EFT Electronic funds transfer DC Debit card Additional

Information: a. The difference In the beginning balances In the company's

records and the bank statement relates to checks number 469 and number 470,

which are outstanding as of April 30, 2024 (prior month). b. The bank made the

EFT on May 20 In error. The bank accidentally charged Daniels for payment

that should have been made on Hill < Prey 6 of




Answer & Explanation

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart