[Mohammed 05]

ممكن تساعدوني في الحل ..

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On April 30, 2011, Bin Zaid Company had a cash balance per books of SR6,781.50 and the bank statement from Sama Bank showed a balance of SR6,404.60. A comparison of the statement with the cash account revealed the following facts.
1. April bank service charge not recorded by Bin Zaid Company SR40.
2. Cash sales of SR836.15 on April 12 were deposited in the bank. The journal entry was incorrectly made for SR886.15. the bank credited Bin Zaid Company for the correct amount.
3. Outstanding checks at May 30 totaled SR576.25 and deposits in transit were SR1,916.35.
4. NSF checks of SR753 for a check issued by Shamee Resturant to Bin Zaid Company.
5. A SR2,500 note receivable was collected by the bank for Bin Zaid Company on April 30 plus SR80 interest and the bank charged a collection fee of SR20. The collection has not been recorded by Bin Zaid.

Required
Prepare the bank reconciliation at April 30, 2010
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On January 1, 2010, Jedkul Company purchased a machine for use in its production process.
Cash price of the machine was SR38,000
Related expenditures included:
Sales tax 1,700
Shipping costs 150
Insurance during shipping 80
Installation and testing costs 70
Oil and lubricants to be used during its first year of operation 100

Jedkul Company estimates that the useful life of the machine is 5 years with a SR5,000 salvage value remaining at the end of that time period. Assume the straight-line method of depreciation is used.

Required:

a. What is the cost of the machine should be recorded on January 1, 2010.
b. The journal entry to record its purchase on January 1, 2010.
c. The journal entry to record annual depreciation at December 31, 2010.
d. Assuming Jedkul Company uses the declining balance method of depreciation. Calculate the amount of depreciation expenses that should be recorded at December 31, 2010 and December 31, 2011

a. Calculate the cost of the machine
b. GENERAL JOURNAL