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prepare the bank reconciliation The bank portion of last month's bank reconciliation for Blossom Limited at October 31 is shown here: BLOSSOM LIMITED Bank Reconciliation
prepare the bank reconciliation
The bank portion of last month's bank reconciliation for Blossom Limited at October 31 is shown here: BLOSSOM LIMITED Bank Reconciliation October 31 Cash balance per bank Add: Deposits in transit $24,670 3,569 28,239 Less: Outstanding cheques #2472 $1.480 #2473 1.840 #2474 1.020 4,340 Reconciled cash balance $23,899 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at October 31. The November bank statement showed the following: BLOSSOM LIMITED Bank Statement November 30 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Date Description Balance Oct. 31 24,670 Nov. 1 Cheque, No. 2472 1,480 23,190 1 Deposit 3,569 26,759 2 Cheque, No. 2473 1,840 24.919 3 Deposit 2,236 27,155 4 Cheque, No. 2475 3,131 24,024 7 Deposit 1.800 25,824 8 5,860 19,964 Cheque, No 2476 Cheque, No. 2477 10 1.200 18.764 14 Deposit 5,310 24,074 15. Cheque No 2478 24 A474 15 Cheque, No. 2478 3,600 20,474 15 EFT, salaries 6,700 13,774 20 Deposit 5,890 19,664 25 Returned cheque-NSF Glasson Developments 500 19,164 25 8 19.156 26 1,390 17,766 27 3,000 20.766 28 NSF fee Cheque, No. 2479 Deposit EFT collection of note receivable and interest Cheque, No. 2481 EFT, salaries Bank service charges 5,109 25,875 30 1.110 24.765 30 6.700 18,065 30 5 18,060 The cash records per books for November showed the following: Cash Receipts Cash Payments Date Amount Date Number Amount Nov. 3 $2,236 Nov. 1 2475 $3,131 7 1,800 2 2476 4,960 12 5.310 2 2477 1,200 20 5,908 8 00 2478 3,600 27 3,000 15 2479 1,390 30 3,632 15 EFT, salaries 6,700 $21,886 18 2480 1.289 20 2481 1.110 29 2482 1.770 30 EFT, salaries 6,700 $31,850 Prepare the bank reconciliation at November 30. (List items that increase balance as per bank & books first.) BLOSSOM LIMITED Bank Reconciliation November 30 > > > Step by Step Solution
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