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Rosewood College ( c ) FA II: Assignment 1 - COGS & Bank Reconciliation The following data pertains to Home Office Company for the year
Rosewood College c
FA II: Assignment COGS & Bank Reconciliation
The following data pertains to Home Office Company for the year ended December :
Sales were cash sales during the year $
Cost of goods sold during the year
Beginning inventory
Purchases were cash purchases
during the year
a Prepare journal entries to record sales, cost of goods sold, and the purchase of inventory during using the perpetual inventory system.
b Compute the balance in the inventory account on December
The following data have been gathered for Rocky Candi Corporation for the month ended September Prepare a bank reconciliation based on the following information:
The bank statement reveals a balance of $
The September book balance was $
There was an EFT deposit of $ on the bank statement for the monthly rent from a tenant.
The bookkeeper had erroneously recorded a $ cheque as $ The cheque was to settle an account payable.
The bank statement revealed $ in service charges.
Cheques # and # for $ and $ were not returned with the bank statement.
A deposit made on September for $ did not appear on the bank statement.
A deposit of $ made on September was erroneously credited to Rocky Candi's account by the bank for $
A bank debit memo indicated an NSF cheque for $
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