Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 of 6 -{5 15 EFT, loan payment 1,226 15,117 19 Cheque, No. 3472 1,943 13,174 26 Deposit 3,25 1 16,425 31 EFT, collection
Question 2 of 6 -{5 15 EFT, loan payment 1,226 15,117 19 Cheque, No. 3472 1,943 13,174 26 Deposit 3,25 1 16,425 31 EFT, collection on account from M. Boudreault 610 1?,035 31 Bank service charges and credit card fees 89 16,946 Blossom's cash receipts and payments for the month of March showed the following: Cash Receipts Cash Payments Date Amount Date Number Amount Mar. 4 $ 1,960 Mar. 7 34?1 $ 1,694 26 3,251 15 34?? 1,493 31 3,9?4 29 34:53 4,938 $ 9,185 $ 3,125 Additional information: 1. The EFT loan payment should have been recorded by the company on March 15, but this entry was missed. The payment included 95 84 of interest and a $ 1,142 payment on the loan principal. 2. The bank made an error processing cheque #3472. 3. The EFT collection from M. Boudreault was not previously recorded. 4. Bank service charges and debit and credit card processing fees totalling $ 89 were not previously recorded. (3) Calculate the cash balance per books at March 31, prior to reconciliation. Caash balance per books at March 31 $
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