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Summary QuestionChapter 4 Homework i 6 The cash records and bank statement for the month of May fo
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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...

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  • October 6, 2024
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  • 2024/2025
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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




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