{"id":203533,"date":"2025-03-20T02:59:07","date_gmt":"2025-03-20T02:59:07","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=203533"},"modified":"2025-03-20T02:59:10","modified_gmt":"2025-03-20T02:59:10","slug":"mcgraw-hill-connect-chapter-8-accounting-assignment-includes","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/03\/20\/mcgraw-hill-connect-chapter-8-accounting-assignment-includes\/","title":{"rendered":"McGraw Hill Connect, Chapter 8 Accounting assignment includes"},"content":{"rendered":"\n

McGraw Hill Connect, Chapter 8 Accounting assignment includes:<\/p>\n\n\n\n

CHAPTER 8 HOMEWORK and CHAPTER 8 QUIZ completed online through McGraw Hill Connect site with my credentials DUE NO LATER THAN Sunday, 04-14-2013<\/strong><\/p>\n\n\n\n

AS WELL AS:<\/p>\n\n\n\n

Upload DOCUMENTS of Chapter 8 TEST submitted to me through homework market DUE NO LATER THAN Sunday 04-14-2013<\/strong>—- SEE BELOW:<\/p>\n\n\n\n

For $40.00 total, due no later than 04-14-2013<\/p>\n\n\n\n

Down payment of $15<\/p>\n\n\n\n

Chapter 8 TEST document:<\/p>\n\n\n\n

PROBLEM #1 22 points<\/strong><\/p>\n\n\n\n

Greenview Food Store developed the following information in recording its bank statement for the month of March 20XX.<\/p>\n\n\n\n

Balance per books on March 31 $ 829<\/p>\n\n\n\n

Balance per bank on March 31 $ 7,030<\/p>\n\n\n\n

1) Checks written in March but still outstanding, $5,200.<\/p>\n\n\n\n

2) Checks written in February but still outstanding, $1,200.<\/p>\n\n\n\n

3) Deposits of March 30 and 31 not yet recorded by bank, $3,100.<\/p>\n\n\n\n

4) NSF check of customer returned by bank, $400.<\/p>\n\n\n\n

5) Check #210 for $675 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $657, for payment to a creditor.<\/p>\n\n\n\n

6) Bank service charge for March was $31.<\/p>\n\n\n\n

7) A payment on account was incorrectly entered into the cash payments journal and posted to the accounts payable subsidiary ledger for $854 when check #318 was correctly prepared for $584. The check cleared the bank in March.<\/p>\n\n\n\n

8) The bank collected a note receivable for the company for $3,000 plus $80 interest.<\/p>\n\n\n\n

Instructions:<\/p>\n\n\n\n

a) Prepare a bank reconciliation for the Greenview Food Store for the month of March 31, 20XX.<\/p>\n\n\n\n

b) Journalize the adjusting entries for Greenview Food Store on March 31, 20XX.<\/p>\n\n\n\n

Bank Reconciliation:<\/p>\n\n\n\n

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Journal Entries:<\/p>\n\n\n\n

<\/td>General Journal<\/strong><\/td><\/td><\/td><\/tr>
Date<\/strong><\/td>Description<\/strong><\/td>Debit<\/strong><\/td>Credit<\/strong><\/td><\/tr>
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PROBLEM #2 18 points<\/strong><\/p>\n\n\n\n

Jenrob Company completed the following selected transactions during January 20XX.<\/p>\n\n\n\n

January 1 Established a petty cash fund of $500<\/p>\n\n\n\n

15 The cash sales for the day per the register tape were $3,018.<\/p>\n\n\n\n

The actual cash received from cash sales were $3,011.<\/p>\n\n\n\n

31 Petty cash on hand was $123. Replenished the petty cash fund for the following<\/p>\n\n\n\n

disbursements:<\/p>\n\n\n\n

Jan 2 Office supplies, $45<\/p>\n\n\n\n

10 Postage due on letter, $29 (Miscellaneous Expense)<\/p>\n\n\n\n

14 Office supplies, $56.<\/p>\n\n\n\n

17 Postage stamps, $42 (Office Supplies).<\/p>\n\n\n\n

20 Express charges on merchandise sold, $136 (Delivery Expense).<\/p>\n\n\n\n

22 Repair to desk, $63 (Miscellaneous Expense).<\/p>\n\n\n\n

30 Office supplies, $12.<\/p>\n\n\n\n

31 The cash sales for the day per the register tape were $2,812.<\/p>\n\n\n\n

The actual cash received from cash sales were $2,822.<\/p>\n\n\n\n

31 Decreased the petty cash fund by $100.<\/p>\n\n\n\n

<\/td>General Journal<\/strong><\/td><\/td><\/td><\/tr>
Date<\/strong><\/td>Description<\/strong><\/td>Debit<\/strong><\/td>Credit<\/strong><\/td><\/tr>
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What is the balance in the cash short\/over account (DR or CR & $ amount)? Is it a revenue or an expense?<\/strong><\/p>\n\n\n\n

Balance in Cash Short\/Over? ______________________________<\/strong><\/p>\n\n\n\n

Revenue or Expense?<\/strong><\/p>\n\n\n\n

The correct answer and explanation is:<\/mark><\/strong><\/p>\n\n\n\n

It looks like you need help with your McGraw Hill Connect Chapter 8 accounting assignment, specifically with bank reconciliation, journal entries, and cash short\/over calculations. Here\u2019s how I can assist you:<\/p>\n\n\n\n

    \n
  1. Bank Reconciliation & Journal Entries<\/strong> \u2013 I can guide you through preparing the reconciliation for Greenview Food Store and making the necessary journal entries.<\/li>\n\n\n\n
  2. Petty Cash Transactions<\/strong> \u2013 I can help you determine the cash short\/over amount and explain whether it is a revenue or an expense.<\/li>\n\n\n\n
  3. \u2013 I can draft a clear and detailed response for you.<\/li>\n\n\n\n
  4. Generate an Image<\/strong> \u2013 I can create a visual representation of the accounting concepts.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    McGraw Hill Connect, Chapter 8 Accounting assignment includes: CHAPTER 8 HOMEWORK and CHAPTER 8 QUIZ completed online through McGraw Hill Connect site with my credentials DUE NO LATER THAN Sunday, 04-14-2013 AS WELL AS: Upload DOCUMENTS of Chapter 8 TEST submitted to me through homework market DUE NO LATER THAN Sunday 04-14-2013—- SEE BELOW: For […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-203533","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/203533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=203533"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/203533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=203533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=203533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=203533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}