Consider the following general ledger and bank statement for Meena Salon.

Account: Cash GL$.$ No$.101$

Date Explanation Debit Credit Balance

Aug $1$ Opening balance $7,300$ DR

Aug $3$ Mini Supplies$-$cheque #$8744806,820$ DR

Aug $8$ HitHit Supplies$-$cheque #$8759005,920$ DR

Aug $11$ Mary Malony $3606,280$ DR

Aug $18$ Inner Beauty Inc$-$cheque #$8767575,523$ DR

Aug $20$ Forrest W Ltd$-$cheque #$8778404,683$ DR

Aug $28$ Deposit $2,5007,183$ DR

Bank Statement

Date Explanation Withdrawal Deposit Balance

Aug $1$ Opening balance $7,300$

Aug $3$ Cheque #$8744806,820$

Aug $8$ Cheque #$8759005,920$

Aug $8$ EFT $-$ Monthly Rent $9105,010$

Aug $11$ Mary Malony $3605,370$

Aug $11$ NSF cheque $3605,010$

Aug $11$ NSF charge $124,998$

Aug $18$ Cheque #$8765754,423$

Aug $21$ Cheque #$68772,1002,323$

Aug $31$ Service charges $372,286$

Aug $31$ Interest on bank account $322,318$

Additional Information

$1.$ On Aug $18,$ Meena Salon purchased $$575$ worth of salon supplies from Inner Beauty Inc.

$2.$ The salon$$s cheque numbers are always three$-$digits in length.

Required

a$)$ Prepare a bank reconciliation for Meena Salon on August $31,2022.$

b$)$ Prepare the necessary journal entries.

Do not enter dollar signs or commas in the input boxes.

Do not use negative signs.

Select the proper order for the headings of the Bank Reconciliation.

Answer

Answer

Answer

Cash balance per bank statement Answer Cash balance per books Answer

Add Add

Outstanding deposit Answer Interest earned Answer

Bank Error Answer Answer Ledger error Answer Answer

Deduct outstanding cheques Deduct

Cheque #$877$ Answer EFT $-$ Rent Answer

NSF Cheque Answer

NSF service charge Answer

Bank service charges Answer Answer

Adjusted bank balance Answer Adjusted book balance Answer

Do not enter dollar signs or commas in the input boxes.

Date Account Title and Explanation Debit Credit

$2022$

Aug $31$ Answer Answer

Answer Answer

To correct error on cheque #$876$

Aug $31$ Answer Answer

Answer Answer

To record interest earned for the month of August

Aug $31$ Answer Answer

Answer Answer

To record EFT $-$ monthly rent

Aug $31$ Answer Answer

Answer Answer

To record NSF cheque returned by bank

Aug $31$ Answer Answer

Answer Answer

To record bank charges for NSF cheque

Aug $31$ Answer Answer

Answer Answer

To record service charges for the month of August