Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Out 23 Not yet anted Naked 15.00 Flag question Dreyvins Coffee House Limited's bank statement for the month of November 2022 showed a balance per

image text in transcribed
Out 23 Not yet anted Naked 15.00 Flag question Dreyvins Coffee House Limited's bank statement for the month of November 2022 showed a balance per bank of 57,000. The company's general ledger Cash account showed a balance of $5,659 at November 30. Other information is as follows 1. Cash receipts for November 30 recorded on the company's books were 55,200, but this amount does not appear on the bank statement 2. The bank statement shows a debit memorandum for $40 for cheque printing charges. 3. Cheque 119 payable in the amount of $248 to Holt Corporation was recorded in the general journal and cleared the bank for $248. A review of the accounts payable records shows a $36 credit balance in Holt's account and that the total payment should have been for $284 The total amount of cheques outstanding at November 30 was $5,800. 5 Cheque 138 was correctly written and paid by the bank for $409. The cash payment journal reflects an entry for Cheque 136 as a debit to Accounts Payable and a credit to Cash for $490. 6 The bank returned an NSF cheque from a customer for $560. 7. The bank statement included a deposit for $1.260, which represents the electronic collection of customer accounts which have yet been recorded on the company's books Instructions () Prepare a bank reconciliation for Seattle Coffee Limited at November 30, 2022, y Prepare any oumal entries necessary as a result of the bank reconciliation You are to complete the questions above on appropriate separate documentis). Acceptable formats include word document, excel documents, documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or drag and drop the file(s) into the upload box at the bottom of this question box

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

Cost Accounting

Authors: James A. Cashin, Ralph S. Polimeni, Sheila Handy

3rd Edition

0070110263, 9780070110267

More Books

Students also viewed these Accounting questions

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago

Question

How many edit and revision sessions do they perform on shorte ?

Answered: 1 week ago

Question

How do they research and outline writing projects?

Answered: 1 week ago