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Sand XO Remaining Time: 1 hour, 58 minutes, 52 seconds. Question Completion Status: Burns Cafe deposits all receipts intact on the day received and makes
Sand XO Remaining Time: 1 hour, 58 minutes, 52 seconds. Question Completion Status: Burns Cafe deposits all receipts intact on the day received and makes all payments by cheque. On March 30, 2022, after all posting was completed, its Cash account showed an $1,563.65 debit balance. However, Burns Cafe's March 30, 2022 bank statement showed only $1,025 on deposit in the bank on that day along with the following information. a. Outstanding cheques $2,735 b. Included with the Sept cancelled cheques returned by the bank was a $38 debit memo for bank services c. Cheque #919, returned with the cancelled cheques, was correctly drawn for $295 in payment of the Staples bill and was paid by the bank on March 15. However, it had been recorded with a deb Office Expense and a credit to Cash as though it were for $259. d. The March 30 cash receipts, $3,210 were placed in the bank's night depository after banking hours on that date and were unrecorded by the bank at the time the March bank statement was prepa e. Interest earned on bank balance in March was $10.35 Required i.) Prepare a bank reconciliation for Burns Cafe at March 30, 2022 ii) If required, list the adjusting entries that Burns Cafe should make as a result of having prepared the bank reconciliation in part (i). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial X X >1
a. Oistaridirvi cheques 57,7n e. Interest warsed on bank balance in March was 510.55 AcequiredStep by Step Solution
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