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Bramble's Grocery Store developed the following information for the month of March, 2021: $1,935 Balance per books March 31 Balance per bank statement March 31
Bramble's Grocery Store developed the following information for the month of March, 2021: $1,935 Balance per books March 31 Balance per bank statement March 31 $11,700 1. 2. 3. 4. 5. . Cheques written in March but still outstanding $8,300. Cheques written in February but still outstanding $3,100. Deposits of March 30 and 31 not yet recorded by bank $5,578. NSF cheque of customer returned by bank $730. Cheque No. 210 for $563 was correctly issued and paid by bank but incorrectly entered in the general journal as payment on account for $536. Bank service charge for March was $50. A payment on account was incorrectly entered in the general journal and posted to the Accounts Payable subsidiary ledger for $836 when Cheque No. 318 was correctly prepared for $386. The cheque cleared the bank in March. A review of the bank statement revealed Bamby's Grocery received electronic payments from customers on account of $4,300 during March 6. 7. 8. BRAMBLE GROCERY STORE Bank Reconciliation March 31, 2021 Cash balance per bank statement $ 11,700 Add : Deposits in transit 5,578 17278 Less V: Outstanding cheque - February $ 3.100 Outstanding cheque - March 8,300 5878 Adjusted cash balance per bank $ 1.935 Bank service charge $ 4,300 Add . Add V: 50 NSF Cheque
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