On December 31, 2024, Blossom Company had a cash balance per books of $8,967. The bank statement on that date showed a balance of $10,172. A comparison of the statement with the Cash account revealed the following: 1. The statement included debit memos of $52 for the printing of additional company cheques and $47 for bank service charges. 2. Cash sales of $639 on December 12 were deposited in the bank. The journal entry to record the cash receipt and the deposit slip were incorrectly made out and recorded by Blossom as $963. The bank detected the error on the deposit slip and credited Blossom Company for the correct amount. 3. The November 30 deposit of $1,002 was included on the December bank statement. The deposit had been placed in the bank's night deposit vault on November 30 . 4. The December 31 deposit of $977 was not included on the December bank statement. The deposit had been placed in the bank's night deposit vault on December 31 . 5. Cheques #1006 for $432 and $1072 for $992 were outstanding on November 30 . Of these, #1072 cleared the bank in December. All the cheques written in December except for $1278 for $562, $1284 for $652, and $1285 for $332 had cleared the bank by December 31 . 6. On December 18, the compary issued cheque \#1181 for $568 to Bridgeport \& Co, on account. The cheque, which cleared the bank in December, was incorrectly journalized and posted by Blossom Compary for $685. 7. A review of the bank statement revealed that Blossom Company received electronic payments from customers on account of $1.892 in December. The bank had also credited the account with $42 of interest revenue on December 31. Blossom had no previous notice of these amounts. 8. Included with the cancelled cheques was a cheque issued by Pronghorn Company for $602 that was incorrectly charged to Blossom Comoany by the bank. On December 31, the bank statement showed an NSF charge of $822 for a cheque issued by W. Allen, a customer, to Blossom Company on account. This amount Included a $33 service charge by the bank. The company's policy is to pass on all NSF fees to the customer. (a) Prepare the bank reconciliation at December 31 . (Uist itens that increase balance as per bank \& books first) On December 31, 2024, Blossom Company had a cash balance per books of $8,967. The bank statement on that date showed a balance of $10,172. A comparison of the statement with the Cash account revealed the following: 1. The statement included debit memos of $52 for the printing of additional company cheques and $47 for bank service charges. 2. Cash sales of $639 on December 12 were deposited in the bank. The journal entry to record the cash receipt and the deposit slip were incorrectly made out and recorded by Blossom as $963. The bank detected the error on the deposit slip and credited Blossom Company for the correct amount. 3. The November 30 deposit of $1,002 was included on the December bank statement. The deposit had been placed in the bank's night deposit vault on November 30 . 4. The December 31 deposit of $977 was not included on the December bank statement. The deposit had been placed in the bank's night deposit vault on December 31 . 5. Cheques #1006 for $432 and $1072 for $992 were outstanding on November 30 . Of these, #1072 cleared the bank in December. All the cheques written in December except for $1278 for $562, $1284 for $652, and $1285 for $332 had cleared the bank by December 31 . 6. On December 18, the compary issued cheque \#1181 for $568 to Bridgeport \& Co, on account. The cheque, which cleared the bank in December, was incorrectly journalized and posted by Blossom Compary for $685. 7. A review of the bank statement revealed that Blossom Company received electronic payments from customers on account of $1.892 in December. The bank had also credited the account with $42 of interest revenue on December 31. Blossom had no previous notice of these amounts. 8. Included with the cancelled cheques was a cheque issued by Pronghorn Company for $602 that was incorrectly charged to Blossom Comoany by the bank. On December 31, the bank statement showed an NSF charge of $822 for a cheque issued by W. Allen, a customer, to Blossom Company on account. This amount Included a $33 service charge by the bank. The company's policy is to pass on all NSF fees to the customer. (a) Prepare the bank reconciliation at December 31 . (Uist itens that increase balance as per bank \& books first)
