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B. As the bookkeeper of Rose Company of Drumheller, you received the bank state- ment from TD Canada Trust indicating a balance of $5,820. The
B. As the bookkeeper of Rose Company of Drumheller, you received the bank state- ment from TD Canada Trust indicating a balance of $5,820. The ending cheque- book balance was $6,321. Prepare the bank reconciliation for Rose Company as of July 31, 2023, and prepare journal entries as needed based on the following: a. Deposits in transit, $2,875. b. Bank service charges, $24. c. Cheques outstanding: No. 111, $478; No. 115, $1,147. d. TD Canada Trust collected a note for Rose, $1,770, less a $12 collection fee. e. NSF cheque, $525. f. Rose Company records cheque No. 107 as $900 to pay the month's rent. The cancelled cheque and bank statement show the actual cheque was $800. g. The bank made an error by deducting a cheque for $560 issued by another business
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