c) Complete the bank reconciliation report.
Transactions Tees R Us decided to establish a petty cash fund for the office. A cheque #3355 of $500 Feb 1 was issued and cashed. For the Feb. 1 transaction, change the cheque #3355 of $600 to $500. Sold merchandise to Arrow, 800 units at $75 each with invoice #2341. The invoice Feb 7 terms were 3/10, met 20. Note: Update the Inventory Valuation Table after each sale For the Feb. 7 transaction, delete the reference to "FOB destination" Feb 25 The remaining balance of the petty cash account was $150. Tatal expenses incurred using the petty cash fund this month amounting to $345. In this amount, it includes the shipping cost incurred on Feb 7 in the amount of $55 and the other costs are for the office supplies expense. Prepare the entry to replenish the petty cash fund with Cig 3359. For the Feb. 25 transaction, change the remaining balance of the petty cash account of $266 to $150. Al change the total expenses incurred using the petty cash fund this month amounting to $345. 9,233.40 Bank Reconciliation Feb 28 Service Charge 34.00 Feb 28 Interest 290.00 Change the $340 for the Bank Service charge to read $34. 9,523.40 General Ledger Accounts Account: Cash GL No: 101 Balance (DR or Date Description PR DR CR CR) Opening Balance 35,600.00 DR Feb 1 GJ3 660.00 34,940.00 DR Paid Chai3354 Paid Choi3355 Feb 1 G3 500.00 34,440.00 DR Feb 12 Paid Chall3356 G3 28,089.60 6,350.40 DR Feb 15 Paid Chait3357 G3 9,127.00 - 2,776.60 CR Feb 17 Received payment GJ3 58,200.00 55,423.40 DR Paid inventory Feb 18 Chit3358 GJ3 42,000.00 13,423.40 DR Feb 20 Received payment GJ3 3,200.00 16,623.40 DR Feb 25 Petty Cash Ch#3359 G3 350.00 16,273.40 DR DR Feb 28 Paid loan GJ3 1,076.00 15,197.40 For the Feb. 1 transaction, change the cheque #3355 of $600 to $500. For the Feb. 25 transaction change the cheque #3359 of $334 to $350. Transactions Tees R Us decided to establish a petty cash fund for the office. A cheque #3355 of $500 Feb 1 was issued and cashed. For the Feb. 1 transaction, change the cheque #3355 of $600 to $500. Sold merchandise to Arrow, 800 units at $75 each with invoice #2341. The invoice Feb 7 terms were 3/10, met 20. Note: Update the Inventory Valuation Table after each sale For the Feb. 7 transaction, delete the reference to "FOB destination" Feb 25 The remaining balance of the petty cash account was $150. Tatal expenses incurred using the petty cash fund this month amounting to $345. In this amount, it includes the shipping cost incurred on Feb 7 in the amount of $55 and the other costs are for the office supplies expense. Prepare the entry to replenish the petty cash fund with Cig 3359. For the Feb. 25 transaction, change the remaining balance of the petty cash account of $266 to $150. Al change the total expenses incurred using the petty cash fund this month amounting to $345. 9,233.40 Bank Reconciliation Feb 28 Service Charge 34.00 Feb 28 Interest 290.00 Change the $340 for the Bank Service charge to read $34. 9,523.40 General Ledger Accounts Account: Cash GL No: 101 Balance (DR or Date Description PR DR CR CR) Opening Balance 35,600.00 DR Feb 1 GJ3 660.00 34,940.00 DR Paid Chai3354 Paid Choi3355 Feb 1 G3 500.00 34,440.00 DR Feb 12 Paid Chall3356 G3 28,089.60 6,350.40 DR Feb 15 Paid Chait3357 G3 9,127.00 - 2,776.60 CR Feb 17 Received payment GJ3 58,200.00 55,423.40 DR Paid inventory Feb 18 Chit3358 GJ3 42,000.00 13,423.40 DR Feb 20 Received payment GJ3 3,200.00 16,623.40 DR Feb 25 Petty Cash Ch#3359 G3 350.00 16,273.40 DR DR Feb 28 Paid loan GJ3 1,076.00 15,197.40 For the Feb. 1 transaction, change the cheque #3355 of $600 to $500. For the Feb. 25 transaction change the cheque #3359 of $334 to $350
