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On December 31, Blossom Ltd. had a cash balance of $18,390 in its general ledger. The bank statement from the National Bank on that date
On December 31, Blossom Ltd. had a cash balance of $18,390 in its general ledger. The bank statement from the National Bank on that date showed a balance of $15,330. A comparison of the bank statement with the Cash account revealed the following: 1. Cheques outstanding on November 30 totalled $3,980. Of these, $2,600 worth cleared the bank in December. All cheques written in December cleared the bank in December. 2. A deposit of $2,390 made on December 31, was not recorded by National Bank until January 5 . 3. Supplies of $1,010 were paid via EFT during the month of December. The company has already recorded these. 4. The bank statement showed automatic EFT withdrawals for utility payments totalling $1,500. 5. The bank statement included service charges and debit and credit card processing fees of $550. (a) The parts of this question must be completed in order. This part will be available when you complete the part above
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