Journalize the necessary entries

The cash account for Brentwood Bike Co. at May 1 indicated a balance of $34,250. During May, the total cash deposited was $140,300, and checks written totaled $138,880. The bank statement indicated a balance of $43,525 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:

2. Journalize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account titles.




A. Checks outstanding totaled $6,440.
B. A deposit of $1,850 representing receipts of May 31, had been made too late to appear on the bank statement.
C. The bank had collected for Brentwood Bike Co. $5,250 on a note left for collection. The face of the note was $5,000.
D. A check for $390 returned with the statement had been incorrectly charged by the bank as $930.
E. A check for $210 returned with the statement had been recorded by Brentwood Bike Co. as $120. The check was for the payment of an obligation to Adkins Co. on account.
F. Bank service charges for May amounted to $30.
G. A check for $1,325 from Jennings Co. was returned by the bank due to insufficient funds.

3. If a balance sheet were prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash?


Brentwood Bike Co.

General Ledger



111Petty Cash

112Accounts Receivable-Jennings Co.

131Notes Receivable

141Merchandise Inventory

145Office Supplies

146Store Supplies

151Prepaid Insurance


191Office Equipment

192Accumulated Depreciation-Office Equipment

193Store Equipment

194Accumulated Depreciation-Store Equipment


211Accounts Payable-Adkins Co.

221Notes Payable

222Interest Payable

231Salaries Payable

241Sales Tax Payable


310Owner, Capital

311Owner, Drawing

312Income Summary



610Interest Revenue


510Cost of Merchandise Sold

515Credit Card Expense

516Cash Short and Over

520Salaries Expense

531Advertising Expense

532Delivery Expense

533Insurance Expense

534Office Supplies Expense

535Rent Expense

536Repairs Expense

537Selling Expenses

538Store Supplies Expense

561Depreciation Expense-Office Equipment

562Depreciation Expense-Store Equipment

590Miscellaneous Expense

710Interest Expense

Amount Descriptions

Bank error in charging check as $390 instead of $930

Bank error in charging check as $930 instead of $390Bank service charges

Check returned because of insufficient funds

Company error in recording note collected by bank

Deposit of May 31, not recorded by bank

Error in recording check

Outstanding checks

Note and interest collected by bank

Using our article writing service

Our working experience, customer feedback, and market resources have brought about the creation of an exclusive online service. Have you ever wanted to do all of your homework to the best of your abilities but got stuck on the very first task on your to-do list? We know that you deserve your rest, quality time and we are ready and able to handle all your research and academic requirements.

Writing papers is a common source of headaches for students everywhere, especially if they intend to produce something their instructor would consider “excellent”. If you seek professional help with your essays, know that our essay writing service is 24/7 ready to take on your task. Our skilled writers can help you with any assignment you may find hard. Discover what benefits you get by asking us to complete your paper.

Timely delivery

We have delivered more than 98% of student’s papers before the deadline so far. Order your writing task from us and we will send it exactly when you expect it. Great result in a short timeframe. We’re here for you day and night. Connect with customer support around-the-clock for any orders or urgent questions.


For that professional touch we go over all finished work check spelling grammar and formatting to make sure the assignment looks polished and excellent. All our essays are checked for plagiarism before hand over as well an extra set of experts in our QA department to examine on the quality.


If you have done the research and need our specialist to make it worthy of top marks, we will completely rewrite your paper while we guarantee originality. Ask your writer for adjustments and you will have them in no time.

Flexible prices

We often write papers on client friendly price on our website, and you can always choose a longer deadline to save a bit on the price of your order. The more pages you order also reduces the price considerably.

Customer satisfaction.

We know that half of the process depends on customers and their ability to articulate instructions in an effective way. Their views on desired final products must be made clear to the writers. The diversity of the orders we receive has also enable us to largely improve our analytical and research capabilities. Working in the field of academic assistance for a relatively long period we understand that the customer can effectively manage the orders by consistent communication with the writer.

We offer a convenient, simple and unique platform for collaboration between customers and professional writers willing and able to dedicate their skills towards customers’ academic success. Our company support team as well as regulations are excellent and easy to work with for the customer thus fostering professionalism. Our focus is to be a reliable partner and create a long term cooperation with you. For those pursuing personal development, as essay-doyen we look forward to offering you numerous interesting projects and opportunities for self-improvement.

Our company is one of the largest and most reliable essay writing services in the world. We provide all forms of assignment help including essay writing, research writing help, calculations help, statistics help, and custom essays help. We have provided custom writing services to thousands of students around the world. We are also among the most affordable essay help service in the world.

Use our service today and experience from academic experts.

Order this paper now, contact us through chat for any query

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
You can contact our live agent via WhatsApp! Via + 1 (409) 205-8984

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code GURUH