At April 30, the bank reconciliation of Frobisher shows three outstanding cheques: No. 254, $1,120; No. 255,

Question:

At April 30, the bank reconciliation of Frobisher shows three outstanding cheques: No. 254, $1,120; No. 255, $1,600; and No. 257, $820. A list of cheques recorded by the bank and the company in the month of May follows:

At April 30, the bank reconciliation of Frobisher shows three

Additional information:
1. The bank did not make any errors.
2. The company made one error.
Instructions
(a) List the outstanding cheques at May 31.
(b) List other items that must be included in the bank reconciliation. Describe the impact of each on the reconciliation.

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Related Book For  book-img-for-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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