Accounting Essentials $($GACG$1047)-$ Assignment Two

Name:

Using the Bank Statement below for October and the columns of the cash receipts journal, cash

payments journal and the cash ledger account$-$Prepare a Bank Reconciliation for Romeo's

Roses and prepare all necessary journal entries to bring the books up to date.

$($value $23)$ A partial chart of accounts includes the following: cash $101,$ accounts receivable $110,$

notes receivable $120,$ interest revenue $420,$ utilities expense $640,$ and bank charges expense $670.$ In

addition: Cheque $123$ was written to pay the utility bill $($assume any errors were made by the company

bookkeeper. The credit memo is for a notes receivable that the bank collected for $$4000$ plus interest on our

behalf. The debit memo indicated a cheque from $R$ Walters had been returned NSF$.$

Bank of Capulet

Oerona

BANK STATEMENT FOR: ROMEO'S ROSES

OCTOBER $31,2022$