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The Following Information Is Available for the Victor Company for Its

question 127

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The following information is available for the Victor Company for its March 31 bank reconciliation:
From the March 31 bank statement:
$The following information is available for the Victor Company for its March 31 bank reconciliation: From the March 31 bank statement: NSF: A check from a customer,Booker Co.in payment of their account. IN: Interest earned on the account. From the Victor Company's accounting records: \text { Cash Receipts Deposited } \begin{array} { | l | c | r | } \hline \text { Date } && \text { Cash Debit } \\ \hline \text { March } & 7 & 4,340 \\ \hline & 27 & 7,270 \\ \hline & 31 & \underline { 2,090 } \\ \hline & & \underline { 13,700 } \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{array} \text { Cash Disbursements } \begin{array} { | r | r | } \hline \text { Check No. } & \text { Cash Debit } \\ \hline 2905 & 170 \\ \hline 2906 & 3,850 \\ \hline 2907 & 460 \\ \hline 2908 & 1,350 \\ \hline 2909 & 725 \\ \hline 2910 & 340 \\ \hline & 6,895 \\ \hline \end{array} 1.Based on the above information,prepare a bank reconciliation for the Victor Company. 2.Prepare the necessary general journal entries to adjust cash to the reconciled balance.$
$The following information is available for the Victor Company for its March 31 bank reconciliation: From the March 31 bank statement: NSF: A check from a customer,Booker Co.in payment of their account. IN: Interest earned on the account. From the Victor Company's accounting records: \text { Cash Receipts Deposited } \begin{array} { | l | c | r | } \hline \text { Date } && \text { Cash Debit } \\ \hline \text { March } & 7 & 4,340 \\ \hline & 27 & 7,270 \\ \hline & 31 & \underline { 2,090 } \\ \hline & & \underline { 13,700 } \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{array} \text { Cash Disbursements } \begin{array} { | r | r | } \hline \text { Check No. } & \text { Cash Debit } \\ \hline 2905 & 170 \\ \hline 2906 & 3,850 \\ \hline 2907 & 460 \\ \hline 2908 & 1,350 \\ \hline 2909 & 725 \\ \hline 2910 & 340 \\ \hline & 6,895 \\ \hline \end{array} 1.Based on the above information,prepare a bank reconciliation for the Victor Company. 2.Prepare the necessary general journal entries to adjust cash to the reconciled balance.$
NSF: A check from a customer,Booker Co.in payment of their account.
IN: Interest earned on the account.
From the Victor Company's accounting records:
$\text { Cash Receipts Deposited }$
$\begin{array} { | l | c | r | } \hline \text { Date } && \text { Cash Debit } \\\hline \text { March } & 7 & 4,340 \\\hline & 27 & 7,270 \\\hline & 31 & \underline { 2,090 } \\\hline & & \underline { 13,700 } \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$
$\text { Cash Disbursements }$
$\begin{array} { | r | r | } \hline \text { Check No. } & \text { Cash Debit } \\\hline 2905 & 170 \\\hline 2906 & 3,850 \\\hline 2907 & 460 \\\hline 2908 & 1,350 \\\hline 2909 & 725 \\\hline 2910 & 340 \\\hline & 6,895 \\\hline\end{array}$
$The following information is available for the Victor Company for its March 31 bank reconciliation: From the March 31 bank statement: NSF: A check from a customer,Booker Co.in payment of their account. IN: Interest earned on the account. From the Victor Company's accounting records: \text { Cash Receipts Deposited } \begin{array} { | l | c | r | } \hline \text { Date } && \text { Cash Debit } \\ \hline \text { March } & 7 & 4,340 \\ \hline & 27 & 7,270 \\ \hline & 31 & \underline { 2,090 } \\ \hline & & \underline { 13,700 } \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{array} \text { Cash Disbursements } \begin{array} { | r | r | } \hline \text { Check No. } & \text { Cash Debit } \\ \hline 2905 & 170 \\ \hline 2906 & 3,850 \\ \hline 2907 & 460 \\ \hline 2908 & 1,350 \\ \hline 2909 & 725 \\ \hline 2910 & 340 \\ \hline & 6,895 \\ \hline \end{array} 1.Based on the above information,prepare a bank reconciliation for the Victor Company. 2.Prepare the necessary general journal entries to adjust cash to the reconciled balance.$
1.Based on the above information,prepare a bank reconciliation for the Victor Company.
2.Prepare the necessary general journal entries to adjust cash to the reconciled balance.

Definitions:

Voluntary Intoxication

A legal defense claiming that a person's ability to understand the wrongfulness of his or her actions was impaired due to intentional consumption of alcohol or drugs.

Premeditation

The action of planning or plotting in advance, especially with intent to commit a specific act such as a crime.

Criminal Liability

The legal responsibility for a crime, involving the imposition of penalties or other legal consequences on a person who commits a criminal act.

Mens Rea

A legal principle referring to the criminal intent or state of mind of an individual at the time of an offense.