ACC 100-Test #2-Point values are in (X). There are 4 problems. Please

ACC 100-Test #2-Point values are in (X). There are 4 problems. Please complete each problem and upload it to me as a Word Document.

Problem #1

The Hearst Company shows the following data:

Balance per cash Account $3,750

Balance per bank statement 3,125

Outstanding Checks 700

Deposits in Transit 3,045

Bank Service Charge 55

Note Collected by bank ($125 is interest) 2,125

NSF Check 350

REQUIRED:

Please prepare a bank reconciliation for the company as of 11/30/23. (15)

Please record any necessary journal entries for The Hearst Company. (11)

Problem #2

Bass Company shows the following data:

Balance per cash account $3,260

Balance per bank statement 3,908

Outstanding Checks 1,400

Deposit in transit 3,972

Bank service charge 75

Note collected by bank ($340=interest) 3,340

Check returned by the bank for insufficient funds 225

Error in recording a check for office supplies. The amount on the check is $350, but it was recorded as $530.

REQUIRED:

Please prepare a bank reconciliation for the company as of 11/30/23. (15)

Please record any necessary journal entries for Bass Company. (14)

Problem #3

Please record in general journal format, the following petty cash transactions for Tennyson Company.

June 1 Check was issued for $500 to establish a petty cash fund. (5)

June 15 A check was issued to replenish the fund based upon the following receipts/ information: (10)

Store supplies $75.77

Delivery charges 97.26

Postage fees 67.25

Parking fees 57.00

Miscellaneous fees 20.73

The cash drawer contained 187.00

June 20 Check was written to decrease the amount of the petty cash fund to $400. (5)

June 30 A check was issued to replenish the fund based upon the following receipts/information: (10)

Office supplies $85.79

Delivery charges 67.55

Postage fees 72.00

Parking fees 58.00

Miscellaneous fees 40.73

The cash drawer contained 73.50

Problem #4

Please record in general journal format, the following petty cash transactions for Zajac Company.

April 1 Check was written for $200 to establish a petty cash fund. (5)

April 15 Check was issued to replenish the fund based upon the following receipts/information: (10)

Office supplies $25.98

Delivery charges 57.14

Postage fees 77.25

Parking fees 27.00

The cash drawer contained 11.00

April 25 Check was issued to increase the amount of the fund to $300. (5)