Prepare Any Necessary Journal Entries Based on the Following Data

question 68

Essay

Prepare any necessary journal entries based on the following data regarding the bank reconciliation prepared by Ragoon Services on May 31, 2019.
a)Outstanding cheques amount to $1,650.
b)The service charges for May amount to $35.
c)Cheque #665 for $3,640 for the cash purchase of office equipment was erroneously recorded by the bookkeeper as $364.
d)The bank erroneously credited Ragoon Services' account for $300 for a deposit made by Lagoon Company.
e)A deposit ticket correctly prepared for $975 appeared on the bank statement as a deposit for $795.
f)Cheque #650 for $1,000 for utilities expense was erroneously recorded by the bookkeeper as $100.
g)A customer's cheque for $450 was returned with the bank statement and stamped NSF.

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Definitions:

Overt Abuse

Explicit and observable acts of physical, emotional, or other forms of abuse against an individual.

Child Neglect

A form of child abuse involving the failure of a parent or caretaker to provide necessary food, clothing, shelter, medical care, or supervision to the degree that the child's health, safety, and well-being are threatened with harm.

Secondary Prevention

Efforts aimed at early detection and intervention to halt the progression of a disease or condition at an early stage.

Immunizing

The process of making an individual immune to a disease, typically by vaccination, to reduce their susceptibility to specific infectious diseases.