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On May 31, 2021, Blossom Theatre's cash account perits general ledger showed the following balance: AG Q CASH No. 101 Date Explanation Ref Debit Credit

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On May 31, 2021, Blossom Theatre's cash account perits general ledger showed the following balance: AG Q CASH No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance 5,062 8 Ac The bank statement from Canada Bank on that date showed the following balance: VE 5 A CANADA BANK Checks and Debits Deposits and Credits XXX XXX Daily Balance 5/31 5,035 A A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 0 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. 2. 3 The statement included a debit memo of $35 for the monthly bank service charges. Cash sales of $619 on May 12 were deposited in the bank. The bookkeeper recorded the deposit in the cash Journal as $629, Outstanding cheques on May 31 totalled $381 and deposits in transit were $1,063. On May 18, the company issued cheque #1581 for $684 to M. Datz on account. The cheque, which cleared the bank in May, was incorrectly journalized and posted by Blossom Theatre for $648. A $1.850 note receivable was wired to the bank account of Blossom Theatre on May 31, Interest was not collected for the 4. 5 note, 6. Included with the cancelled cheques was a cheque issued by Bohr Theatre for $440 that was incorrectly charged to Blossom Theatre by the bank. On May 31. the bank statement showed an NSF charge of $674 for a cheque issued by Tyler Bickell, a customer to Blossom Theatre on account. This payment was previously deposited by Blossom Theatre 7 BLOSSOM THEATRE Bank Reconciliation May 31, 2021 Cash balance per bank statement Add Deposits in transit 1063 Bank error Bohr Theatre cheque 440 Outstanding cheques Adjusted cash balance per bank $ Adjusted cash balance per books > $ Add : Collection ot note receivable V Less Service charge Date Account Titles and Explanation Debit Credit Ao May 31 Ac (To record collection of note receivable by bank) Ac 31 (To record NSF cheque & bank service charge expense and arritin varne

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