Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare a bank reconciliation at September 30, 2024. (List items that increase balonce as per bank & books first) The following information is for Blossom
Prepare a bank reconciliation at September 30, 2024. (List items that increase balonce as per bank \\& books first) The following information is for Blossom Company in September: 1. Cash balance per bank, September 30,\\$7,700. 2. Cash balance per books, September \\( 30, \\$ 5.960 \\). 3. Outstanding cheques, \\( \\$ 2,860 \\). 4. Bank service charge, \\( \\$ 22 \\). 5. NSF cheque from customer, \\( \\$ 230 \\). 6. Deposits in transit, \\( \\$ 990 \\). 7. EFT receipts from customers in payment of their accounts, 577 , 8. Cheque \\( \\# 212 \\) was correctly written and posted by the bank as \\( \\$ 427 \\). Blossom Compary had recorded the cheque as \\( \\$ 472 \\) in error. The cheque was written for the purchase of supplies. Prepare a bank reconciliation at September 30, 2024, (List items that increase balance as per bank \\& books first)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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