Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 Information for Sunland Company is as follows: balance per books at October 31, 541.64.20; November receipts, 5173,500.00; November disbursements, 166,130.00; balance per bank

image text in transcribed
image text in transcribed
Question 1 Information for Sunland Company is as follows: balance per books at October 31, 541.64.20; November receipts, 5173,500.00; November disbursements, 166,130.00; balance per bank statement at November 30, $56,270.00. The following cheques were outstanding at November 30: 1224 $1,750.00 1230 2,425.00 1237 3.615.00 49000 Induded with the November bank statement and not recorded by the company were a bank debat meme for $3160 covering bank charges for the month ad memo for $572.50 for customer's cheque returned andm ed NSF, and a credit memo for $1.500 representing bond interest collected by the bank in the name of Sand Company None of the rest collected had been previously recorded. Cash on hand at November that had been recorded and was not yet deposited amounted to 51.920.10. (a) Prepare a bank reconciliation proceeding to the correct balance at November 30 for Sunland Company (list items that increase balance as per bank books first.) Sunland Company Bank Reconciliation Show 1 . W t 1 ) = 4 4 4 4 B N 24 PM | U 0.00PM Remaining: 105 min. Sunland Company Bank Reconciliation study door

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions