Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help with bank reconciliation The bank portion of last month's bank reconciliation for 5 unland Ltd, at February 28 was as follows: The reconciled

need help with bank reconciliation
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The bank portion of last month's bank reconciliation for 5 unland Ltd, at February 28 was as follows: The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank recancitiation at February 28 . The March bank statement showed the following: Sunland's cach receipts and payments for the month of March showed the following: Additional information: 1. The EFT Ioan payment should have been recorded by the company on March 15, but this entry was missed. The payment included $83 of interest and a $1.123 payment on the loan principal. 2. The bank made an error processing cheque a 3472 . 3. The EFT collection from M, Boudreault was not previoushy recorded. 4. Bank service charges and debit and credit card processing fees totaling $89 were not previously recorded. Bank Reconciliation March 31 No, 3473 Reconciled cash balance per bank Balance per books Add % EFT collection-Boudreault Less : EFT loan payment ? NSF cheque and fee-Mustafa Service charges

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

2001 Miller Local Government Audits

Authors: Rhett D. Harrell

1st Edition

015607219X, 978-0156072199

More Books

Students also viewed these Accounting questions

Question

Assess three steps in the selection process.

Answered: 1 week ago

Question

Identify the steps in job analysis.

Answered: 1 week ago