ECONOMICS

McGraw Hill Connect, Chapter 8 Accounting assignment includes:

 

CHAPTER 8 HOMEWORK and CHAPTER 8 QUIZ completed online through McGraw Hill Connect site with my credentials DUE NO LATER THAN Sunday, 04-14-2013

 

AS WELL AS:

 

Upload DOCUMENTS of Chapter 8 TEST submitted to me through homework market DUE NO LATER THAN Sunday 04-14-2013 —- SEE BELOW:

 

For $40.00 total, due no later than 04-14-2013

Down payment of $15

 

Chapter 8 TEST document:

PROBLEM #1 – 22 points

Greenview Food Store developed the following information in recording its bank statement for the month of March 20XX.

Balance per books on March 31   $     829

Balance per bank on March 31     $  7,030

 

1)    Checks written in March but still outstanding, $5,200.

2)    Checks written in February but still outstanding, $1,200.

3)    Deposits of March 30 and 31 not yet recorded by bank, $3,100.

4)    NSF check of customer returned by bank, $400.

5)    Check #210 for $675 was correctly issued and paid by the bank but incorrectly entered in the cash payments  journal as payment on account for $657, for payment to a creditor.

6)    Bank service charge for March was $31.

7)    A payment on account was incorrectly entered into the cash payments journal and posted to the accounts payable subsidiary ledger for $854 when check #318 was correctly prepared for $584. The check cleared the bank in March.

8)    The bank collected a note receivable for the company for $3,000 plus $80 interest.

Instructions:

a)    Prepare a bank reconciliation for the Greenview Food Store for the month of March 31, 20XX.

b)    Journalize the adjusting entries for Greenview Food Store on March 31, 20XX.

 

Bank Reconciliation:

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