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Please include a T-account with trail marks. Explain any complicated steps. On April 1, 2004, Janet Pergola, owner of Pergola Fish Finders Inc., faxed her
Please include a T-account with trail marks. Explain any complicated steps.
On April 1, 2004, Janet Pergola, owner of Pergola Fish Finders Inc., faxed her current cash records to a friend, Moe McCully, C.A. Along with the records, Janet scribbled the following information on the fax cover sheet: "Started petty cash float, lots of bank memos. . . . Off buying marlin in Venezuela, thanks!" REQUIRED a. Prepare a bank reconciliation for the month of March 2004, based on Exhibits 1 to 5. Assume any errors in recording are Pergola's. b. Prepare, using journal entries, all necessary correcting entries, and the related account types to ensure Pergola's ending cash balance is correct. On April 1, 2004, Janet Pergola, owner of Pergola Fish Finders Inc., faxed her current cash records to a friend, Moe McCully, C.A. Along with the records, Janet scribbled the following information on the fax cover sheet: "Started petty cash float, lots of bank memos. . . . Off buying marlin in Venezuela, thanks!" REQUIRED a. Prepare a bank reconciliation for the month of March 2004, based on Exhibits 1 to 5. Assume any errors in recording are Pergola's. b. Prepare, using journal entries, all necessary correcting entries, and the related account types to ensure Pergola's ending cash balance is correctStep by Step Solution
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