Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Points: 0 of 36 The March 31 bank statement of Eldercare Services Association (ESA) has just arrived from Scotiabank. To prepare the ESA bank
Points: 0 of 36 The March 31 bank statement of Eldercare Services Association (ESA) has just arrived from Scotiabank. To prepare the ESA bank reconciliation, you gather the following data (Click the icon to view the additional data for the bank reconciliation.) Required 1. Prepare the bank reconciliation for ESA 2. Journalize the March 31 transactions needed to update ESA's Cash account. Include an explanation for each entry Question 6, P4-36A (similar to) HW Score: 51.35%, 38 of 36 - socia e ba Data table X data: te Es a. ESA's Cash account shows a balance of $7,043.43 on March 31. b. The March 31 bank balance is $8,875.15. C. The bank statement shows that ESA earned $38.19 of interest on its bank balance during March. This amount was added to ESA's bank balance. d. ESA pays utilities ($220) and insurance ($130) by EFT. e. The following ESA cheques did not clear the bank by March 31: Cheque No. Amount 237 $ 45.30 an 288 140.00 sso 291 536.65 atio 293 11.97 294 609.51 295 6.35 296 107.85 f. pos The bank statement includes a donation of $840, electronically deposited to the hank for ESA Print Done sed cells
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started