The bank reconciliation prepared by Gemma Tours on March 31, 2023, appeared as follows: The Cash account
Question:
The bank reconciliation prepared by Gemma Tours on March 31, 2023, appeared as follows:
The Cash account in the general ledger appeared as follows on April 30:
A list of deposits made and cheques written during April, taken from the cash receipts journal and cash disbursements journal, is shown below:
In reviewing cheques returned by the bank, the bookkeeper discovered that cheque #93, for delivery expense, was recorded in the cash disbursements journal incorrectly as $2,590. The NSF cheque was that of customer Laura Clark, deposited in April.
Required
a. Prepare a bank reconciliation at April 30.
b. Prepare the necessary journal entries to bring the general ledger Cash account into agreement with the adjusted balance on the bank reconciliation.
Step by Step Answer:
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris