Answered step by step
Verified Expert Solution
Question
1 Approved Answer
earen ST Saved Help Save & Exlt Submit n March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $ 9.840.
earen ST Saved Help Save & Exlt Submit n March 31, 2019, Home Decorating Pavilion received a bank statement showing a balance of $ 9.840. The balance in the firm's checkbook and Cash account on the same date was $10,745. The difference between the two balances below a. A $3,260 deposit made on March 30 does not appear on the bank statement b. Check 358 for $560 issued on March 29 and Check 359 for $1,480 issued on March 30 have not yet been paid by the bank c. A credit memorandum shows that the bank has collected a $1,300 note receivable and interest of $130 for the firm. d. A service charge of $40 appears on the bank statement. e. A debit memorandum shows an NSF check for $525. (The check was issued by Dane Jeris, a credit customer) f The firm's records indicate that Check 341 of March 1 was issued for $890 to pay the month's rent. However, the canceled check and the listing on the bank statement show that the actual amount of the check was $880 g. The bank made an error by deducting a check for $560 issued by another business from the balance of Home Decorating Pavilion's account Requirecd 1. Prepare a bank reconciliation statement for the firm as of March 31. 2019 2. Record entries for any items on the bank reconcillation statement thot must be journalizerd Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare a bank reconciliation statement for the firm as of March 31, 2019. Enter all amounts as positive values.J HOME DECORATING PAVILION Bank Reconciliation Statement
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started