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.
Correct Answer:

Verified
Correct Answer:
Verified
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