Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare a bank reconciliation (to the correct balance) at November 30, for Bamble Inc. from the information below. Then prepare journal entries required to adjust
Prepare a bank reconciliation (to the correct balance) at November 30, for Bamble Inc. from the information below.
Presented below is information related to Bramble Inc Balance per books at October 31,$100,434,84; receipts $416,457.38; disbursements $395,744.50. Balance per bank statement November 30, \$135.058.08. The following checks were outstanding at November 30 . Included with the November bank statement and not recorded by the company were a bank debit memo for $65.76 covering bank: Charges for the month, debitmemo for $893,11 for a customer 9 check returned and marked NSF. and a credit memo for 53.360 representing bond interest collected by the bankin the name of Bramble inc. Cashion hand at November 30 recorded and awaiting deposit amounted to $4.596.96 Then prepare journal entries required to adjust the cash account a November 30. ( To record interest, service charges, and NSF Check)
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