Graham Company of Moncton received a bank statement from Royal Bank indicating a bank balance of $7,483.
Question:
a. Cheques outstanding: No. 354, $297; No. 356, $512; No. 347, $684.
b. Deposits in transit, $1,381.
c. Bank service charge, $39.
d. Royal Bank collected a note for Graham, $734, less a $14 collection fee.
e. Notice was received that a cheque from Harry Pride, a customer, was returned NSF, $151.
f. Bank recorded new cheques purchase, $78.
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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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