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L Question 3 - 9 marks Bob's Chip Truck sells fries from a chip truck. All sales are in cash. The following is the bank
L Question 3 - 9 marks Bob's Chip Truck sells fries from a chip truck. All sales are in cash. The following is the bank reconciliation at February 29, 2020: Balance per bank (Feb 29) Outstanding cheque #1010 5,500.00 500.00 5,000.00 reconciled balance per bank General Ledger - Cash Reconciled Cash balance 5,000.00 Credit During March, the following items were posted: Cash Ledger Date Description Debit March 1, 2020 From Feb 29 March 2, 2020 Chg # 1011 March 2, 2020 Chg # 1012 March 2, 2020 Chg # 1013 March 2, 2020 Chg # 1015 March 9, 2020 Deposit March 13, 2020 Deposit 630.00 221.60 850.00 90.00 180.00 1,200.00 Balance Notes 5,000.00 Opening Balance 4,778.40 paid to supplier 3,928.40 paid to employee 3,838.40 paid to supplier 3,658.40 paid to supplier 2,458.40 cash sales 3,088.40 cash sales The bank had the following statement for the month of March: Bank Statement Account Number: 862-8045468 Account Name: HHH Corporation Date Description Debit Credit March 1, 2020 Opening Balance March 3, 2020 Chg # 1011 221.60 March 4, 2020 Chg # 1010 500.00 March 9, 2020 Deposit 1,200.00 March 12, 2020 Chg # 1014 880.00 March 13, 2020 Chg # 1012 850.00 March 14, 2020 Deposit 650.00 March 14, 2020 Returned Item 350.00 March 22, 2020 Service Charge 15.00 March 31, 2020 Interest 3.00 March 31, 2020 Service Charge 14.95 Balance 5,500.00 5,278.40 4,778.40 5,978.40 5,098.40 4,248.40 4,898.40 4,548.40 4,533.40 4,536.40 4,521.45 In reviewing the bank statement, Bob realized that they forgot to record Chg#1014 that was a payment made to a supplier for potatoes. Required: Prepare a Bank Reconciliation Prepare any necessary journal entries . 3
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