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I need help record depreciation, pleaseee? On March 3 1 , 2 0 X 1 , Home Decorating Pavilion received a bank statement showing a
I need help record depreciation, pleaseee? On March X Home Decorating Pavilion received a bank statement showing a balance of $ The balance in the firm's
checkbook and Cash account on the same date was $ The difference between the two balances is caused by the items listed
below.
a A $ deposit made on March does not appear on the bank statement.
b Check for $ issued on March and Check for $ issued on March have not yet been paid by the bank.
c A credit memorandum shows that the bank has collected a $ note receivable and interest of $ for the firm.
d A service charge of $ appears on the bank statement.
e A debit memorandum shows an NSF check for $The check was issued by Dane Jaris, a credit customer.
f The firm;s records indicate that Check of March was issued for $ 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 $
g The bank made an error by deducting a check for $ issued by another business from the balance of Home Decorating
Pavilion's account.
Required:
Prepare a bank reconciliation statement for the firm as of March
Record entries for any items on the bank reconciliation statement that must be journalized.
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