Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John Snows chequebook lists the following: Date Cheque # Item Cheque Deposit Balance Nov 1 $505 4 622 Horizon Utility $39 466 9 Dividends $116

John Snows chequebook lists the following:

Date

Cheque #

Item

Cheque

Deposit

Balance

Nov

1

$505

4

622

Horizon Utility

$39

466

9

Dividends

$116

582

13

623

Canadian Tire

43

539

14

624

Petro-Canada

58

481

18

625

Cash

50

431

26

626

Faith of the Seven Church

25

406

28

627

Affordable Housing

275

131

30

Paycheque

746

877

The November bank statement shows:

Balance

$505

Add deposits

116

Deduct cheques

No. Amount

622 $39

623 43

624 85

625 50

Other charges:

NSF cheque

$8

Service charge

12

Balance

$384

1. Prepare John Snows bank reconciliation at November 30th.

Date

Cheque #

Item

Cheque

Deposit

Balance

Nov

1

$505

4

622

Horizon Utility

$39

466

9

Dividends

$116

582

13

623

Canadian Tire

43

539

14

624

Petro-Canada

58

481

18

625

Cash

50

431

26

626

Faith of the Seven Church

25

406

28

627

Affordable Housing

275

131

30

Paycheque

746

877

The November bank statement shows:

Balance

$505

Add deposits

116

Deduct cheques

No. Amount

622 $39

623 43

624 85

625 50

Other charges:

NSF cheque

$8

Service charge

12

Balance

$384

1. Prepare John Snows bank reconciliation at November 30th.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert F. Meigs, Jan R. Williams, Mark S. Bettner, Susan F. Haka, Sue Haka

11th Edition

0072516682, 978-0072516685

More Books

Students also viewed these Accounting questions

Question

From what language did we borrow the term "gross"?

Answered: 1 week ago

Question

Compare different frameworks for HRD evaluation

Answered: 1 week ago