On August 31. Cox Company’s Cash account had a balance of $26,770. On that date, the bank statement had a balance of $28,680. Analysis of the bank statement and comparison of the statement with the records indicated the following: In reviewing the records. Cox Company also discovered the following error: A check for $380 in legal expenses was incorrectly recorded on the books as $830. Required: Prepare the journal entries necessary to update the Cash account so that its balance is equal to the adjusted balance per bank reconciliation. Make sure to enter the day for each separate transaction. Show transcribed image text On August 31. Cox Company’s Cash account had a balance of $26,770. On that date, the bank statement had a balance of $28,680. Analysis of the bank statement and comparison of the statement with the records indicated the following: In reviewing the records. Cox Company also discovered the following error: A check for $380 in legal expenses was incorrectly recorded on the books as $830. Required: Prepare the journal entries necessary to update the Cash account so that its balance is equal to the adjusted balance per bank reconciliation. Make sure to enter the day for each separate transaction.
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
What Students Are Saying About Us
.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"
.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."
