From the following July 28, 2014, bank statement (p. 353), (1) complete a bank reconciliation for The
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From the following July 28, 2014, bank statement (p. 353), (1) complete a bank reconciliation for The Fresh Flower Shop of Halifax and (2) journalize the appropriate entries as needed.
a. A deposit of $2,122 is in transit.
b. The Fresh Flower Shop has an ending cheque book balance of $5,111.
c. Cheques outstanding: No. 231, $298; No. 245, $509; No. 246, $76; No. 247, $237.
d. Jane Yates’s cheque for $225 bounced because of non-sufficient funds.
e. Cheque No. 241 for utilities expense was entered in the cash payments journal as $358.
f. The cheque for $607 shown by the bank as paid on July 28 was actually a cheque of the Active Automotive Repair. This error will be corrected by the bank next month. The bank apologized for the error
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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