answer

The bank portion of last month's bank reconciliation for Blossom Limited at October 31 is shown here: BLOSSOM LIMITED Bank Reconciliation October 31 Cash balance per bank Add: Deposits in transit $24,670 3,569 28,239 Less: Outstanding cheques #2472 $1,480 2473 1.840 #2474 1,020 4,340 Reconciled cash balance $23,899 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at October 31 The November bank statement showed the following: BLOSSOM LIMITED BLOSSOM LIMITED Bank Statement November 30 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Date Description Balance Oct. 31 24,670 Nov. 1 Cheque No. 2472 1.480 23,190 1 Deposit 3,569 26,759 2 1,840 24.919 Cheque, No. 2473 Deposit 3 2.236 27.155 Cheque No. 2475 3.131 24.024 7 Deposit 1,800 25,824 8 5,860 19.964 Cheque. No 2476 Cheque, No. 2477 10 1.200 18.764 14 Deposit 5,310 24,074 15 Cheque No. 2478 3.600 20,474 15 EFT, salaries 6,700 13.774 20 Deposit 5,890 19,664 25 500 19.164 Returned cheque-NSF, Giasson Developments NSF fee 25 8 19,156 26 Cheque, No. 2479 1.390 17.766 27 Deposit 3,000 20,766 28 5,109 25,875 EFT, collection of note receivable and interest Cheque, No. 2481 30 1.110 24.765 30 EFT. salaries 6,700 18,065 30 Bank service charges 5 18,060 The cash records per books for November showed the following: Cash Receipts Amount Cash Payments Number Date Date Amount Nov 3 $2.236 Nov 1 2475 $3.131 7 1.800 2 2476 4.960 12 5.310 2 2477 1.200 12 5,310 2 2477 1,200 20 5,908 8 2478 3,600 27 3,000 15 2479 1,390 30 3,632 15 EFT, salaries 6,700 $21,886 18 2480 1,289 20 2481 1.110 29 2482 1.770 30 EFT, salaries 6,700 $31.850 Additional information: 1 The EFT collection on November 28 was not previously recorded. The collection of the note was for $4600, plus $509 interest. Interest was not previously accrued. EFT payments are recorded when they occur. The bank did not make any errors. Two errors were made by the company: one in recording a cheque and one in recording a cash receipt. The correction of any 2 3. . 4. Prepare the bank reconciliation at November 30. (List items that increase balance as per bank & books first.) BLOSSOM LIMITED Bank Reconciliation November 30 $ $ > $ The bank portion of last month's bank reconciliation for Blossom Limited at October 31 is shown here: BLOSSOM LIMITED Bank Reconciliation October 31 Cash balance per bank Add: Deposits in transit $24,670 3,569 28,239 Less: Outstanding cheques #2472 $1,480 2473 1.840 #2474 1,020 4,340 Reconciled cash balance $23,899 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at October 31 The November bank statement showed the following: BLOSSOM LIMITED BLOSSOM LIMITED Bank Statement November 30 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Date Description Balance Oct. 31 24,670 Nov. 1 Cheque No. 2472 1.480 23,190 1 Deposit 3,569 26,759 2 1,840 24.919 Cheque, No. 2473 Deposit 3 2.236 27.155 Cheque No. 2475 3.131 24.024 7 Deposit 1,800 25,824 8 5,860 19.964 Cheque. No 2476 Cheque, No. 2477 10 1.200 18.764 14 Deposit 5,310 24,074 15 Cheque No. 2478 3.600 20,474 15 EFT, salaries 6,700 13.774 20 Deposit 5,890 19,664 25 500 19.164 Returned cheque-NSF, Giasson Developments NSF fee 25 8 19,156 26 Cheque, No. 2479 1.390 17.766 27 Deposit 3,000 20,766 28 5,109 25,875 EFT, collection of note receivable and interest Cheque, No. 2481 30 1.110 24.765 30 EFT. salaries 6,700 18,065 30 Bank service charges 5 18,060 The cash records per books for November showed the following: Cash Receipts Amount Cash Payments Number Date Date Amount Nov 3 $2.236 Nov 1 2475 $3.131 7 1.800 2 2476 4.960 12 5.310 2 2477 1.200 12 5,310 2 2477 1,200 20 5,908 8 2478 3,600 27 3,000 15 2479 1,390 30 3,632 15 EFT, salaries 6,700 $21,886 18 2480 1,289 20 2481 1.110 29 2482 1.770 30 EFT, salaries 6,700 $31.850 Additional information: 1 The EFT collection on November 28 was not previously recorded. The collection of the note was for $4600, plus $509 interest. Interest was not previously accrued. EFT payments are recorded when they occur. The bank did not make any errors. Two errors were made by the company: one in recording a cheque and one in recording a cash receipt. The correction of any 2 3. . 4. Prepare the bank reconciliation at November 30. (List items that increase balance as per bank & books first.) BLOSSOM LIMITED Bank Reconciliation November 30 $ $ > $