Prepare Any Necessary Journal Entries Based on the Following Data

question 3

Essay

Prepare any necessary journal entries based on the following data regarding the bank reconciliation prepared by Bootlegger Company on February 28, 2019.
a)Outstanding cheques amount to $650.
b)The service charges for February amount to $40.
c)Cheque #665 for $3,525 for the cash purchase of office equipment was erroneously recorded by the bookkeeper as $3,552.
d)The bank erroneously credited Bootlegger Company's account for $300 for a deposit made by Bootlegger Company.
e)A deposit ticket correctly prepared for $975 appeared on the bank statement as a deposit for $795.
f)Cheque #650 for $100 for utilities expense was erroneously recorded by the bookkeeper as $10.
g)A customer's cheque for $250 was returned with the bank statement and stamped NSF.

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Definitions:

Large Groups

Collections of people, typically in a context where the size influences dynamics, such as in training or organizational settings.

Participate

To take part in an activity or event.

Case Study

An in-depth analysis of a situation, individual, or group to explore the dynamics, causes, and effects of particular phenomena.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.