Need need on part B. you Transcribed Image Text: A edugen.wileyplus.com/edugen/Iti/main.uni PLUS S Kieso, Intermediate Accounting, 17e I System Announcements OURCES Exercise 7-25 (Part Level Submission) 05 Buffalo Company has

Need need on part B. you Transcribed Image Text: A edugen.wileyplus.com/edugen/Iti/main.uni
PLUS
S Kieso, Intermediate Accounting, 17e
I System Announcements
OURCES
Exercise 7-25 (Part Level Submission)
05
Buffalo Company has just received the August 31, 2020, bank statement, which is summarized below.
Part
on.
Part
on)
County National Bank
Disbursements Receipts Balance
Balance, August 1
Deposits during August
Note collected for depositor, including $57 interest
Checks cleared during August
Bank service charges
Balance, August 31
$13,445
$46,207
1,492
59,652
61,144
$49,508
11,636
(Part
ion)
(Part
sion)
(Part
sion)
29
11,607
11,607
The general ledger Cash account contained the following entries for the month of August.
Cash
14,422 Disbursements in August
50,103
Balance, August 1
Receipts during August
s by Study
50,225
Deposits in transit at August 31 are $5,453, and checks outstanding at August 31 total $1,507. Cash on hand at August 31 is $445. The boo
the books at $146 which was written for $155 for supplies (expense); it cleared the bank during the month of August.
(a)
Your answer is correct.
Prepare a bank reconciliation dated August 31, 2020, proceeding to a correct balance.
BUFFALO COMPANY
Bank Reconciliation, August 31, 2020
County National Bank
11607
ment. August 31, 202 T
+ Transcribed Image Text: IS Kieso, Intermediate Accounting, 17e
I System Announcements
CALCULATOR
PRINTER VER
(b)
Prepare any entries necessary to make the books correct and complete. (If no entry is required, select “No Entry” for the account titles and enter 0 for th
account titles are automatically indented when the amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Aug. 31, 2020
(To record collection of note and interest)
Aug. 31, 2020
(To record August bank charges)
dy
Aug. 31, 2020
(To record error in recording check for supplies)
SHOW LIST OF ACCOUNTS
LINK TO TEXT
SAVE FOR LATER
SUBHIT
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