Business Checking Date Type 09/24/20X1 Loan Payment 09/24/20X1 Deposit 09/23/20X1 Check 09/23/20X1 Bill Payment 09/22/20X1 Check 09/22/20X1 Check 09/22/20X1 ACH Credit 09/22/20X1 ATM Account #123456-987 Description Online Transfer to HMG XXX DEPOSIT ID NUMBER 8888 CHECK #1554 (view) Online Payment CHECK #1553 (view) CHECK #1551 (view) Edwards UK AP PAYMENT ATM WITHDRAWAL Additions $ 2,329.60 $9,500.00 Payments $4,600.00 $ 4,100.00 $ 32.05 $ 300.00 $4,100.00 $ 300.00 Prepare the journal entries in a general journal to record the four transactions above. Note: Round your answers to 2 decimal places. Balance $ 12,811.06 $ 17,411.06 $ 15,081.46 $ 19,181.46 $ 19,213.51 $19,513.51 $ 23,613.51 $ 14,113.51 After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions: 1. The ATM withdrawal on 9/22/20X1 was for personal use by the owner, Robert Savage. 2. The ACH credit on 9/22/20X1 was an electronic funds payment received on account from Edwards UK, a credit customer located in Great Britain. 3. The bill payment made 9/23/20X1 was to Waste Control Trash Services (utilities). 4. The loan payment on 9/24/20X1 was an automatic debit by Central Motors for the company's monthly payment on a loan for its automobiles. The loan does not bear interest.
Business Checking Date Type 09/24/20X1 Loan Payment 09/24/20X1 Deposit 09/23/20X1 Check 09/23/20X1 Bill Payment 09/22/20X1 Check 09/22/20X1 Check 09/22/20X1 ACH Credit 09/22/20X1 ATM Account #123456-987 Description Online Transfer to HMG XXX DEPOSIT ID NUMBER 8888 CHECK #1554 (view) Online Payment CHECK #1553 (view) CHECK #1551 (view) Edwards UK AP PAYMENT ATM WITHDRAWAL Additions $ 2,329.60 $9,500.00 Payments $4,600.00 $ 4,100.00 $ 32.05 $ 300.00 $4,100.00 $ 300.00 Prepare the journal entries in a general journal to record the four transactions above. Note: Round your answers to 2 decimal places. Balance $ 12,811.06 $ 17,411.06 $ 15,081.46 $ 19,181.46 $ 19,213.51 $19,513.51 $ 23,613.51 $ 14,113.51 After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded transactions: 1. The ATM withdrawal on 9/22/20X1 was for personal use by the owner, Robert Savage. 2. The ACH credit on 9/22/20X1 was an electronic funds payment received on account from Edwards UK, a credit customer located in Great Britain. 3. The bill payment made 9/23/20X1 was to Waste Control Trash Services (utilities). 4. The loan payment on 9/24/20X1 was an automatic debit by Central Motors for the company's monthly payment on a loan for its automobiles. The loan does not bear interest.
Chapter5: Managing Checking And Savings Accounts
Section: Chapter Questions
Problem 3DTM
Related questions
Question
Transcribed Image Text:-5
After returning from a three-day business trip, the accountant for Southeast Sales, Johanna Estrada, checked bank activity in the
company's checking account online. The activity for the last three days follows:
Business Checking
Type
09/24/20X1 Loan Payment
09/24/20X1 Deposit
09/23/20X1 Check
09/23/20X1 Bill Payment
09/22/20X1 Check
09/22/20X1 Check
09/22/20X1 ACH Credit
09/22/20X1 ATM
Date
Account #123456-987
transactions:
Description
Online Transfer to HMG XXX
DEPOSIT ID NUMBER 8888
CHECK #1554 (view)
Online Payment
CHECK #1553 (view)
CHECK #1551 (view)
Edwards UK AP PAYMENT
ATM WITHDRAWAL
Additions
$ 2,329.60
$9,500.00
Payments
$ 4,600.00
$ 4,100.00
$ 32.05
$ 300.00
$ 4,100.00
Prepare the journal entries in a general journal to record the four transactions above.
Note: Round your answers to 2 decimal places.
$ 300.00
After matching these transactions to the company's Cash account in the general ledger, Johanna noted the following unrecorded
Balance
$ 12,811.06
$ 17,411.06
$ 15,081.46
$ 19,181.46
$ 19,213.51
$ 19,513.51
$ 23,613.51
$ 14,113.51
1. The ATM withdrawal on 9/22/20X1 was for personal use by the owner, Robert Savage.
2. The ACH credit on 9/22/20X1 was an electronic funds payment received on account from Edwards UK, a credit customer located
in Great Britain.
3. The bill payment made 9/23/20X1 was to Waste Control Trash Services (utilities).
4. The loan payment on 9/24/20X1 was an automatic debit by Central Motors for the company's monthly payment on a loan for its
automobiles. The loan does not bear interest.
Transcribed Image Text:View transaction list
Journal entry worksheet
<
1
2
3 4
Record ATM withdrawal by Robert Savage for personal use.
Date
September
22, 20X1
Note: Enter debits before credits.
General Journal
Debit
Credit
>
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