Table 8-3 The October 31stbank reconciliation, the November 30thbank statement and the November 30th general ledger for
Question:
Table 8-3
The October 31stbank reconciliation, the November 30thbank statement and the November 30th general ledger for Black Light Industries is as follows:
Black Light Industries
Bank Reconciliation
October 31, 2017
Balance per General Ledger
$12,747.27
Balance per Bank Statement
$14,991.68
Service Charge
17.50
Outstanding Cheques #566
(1,091.94)
#568
(1,169.97)
Adjusted balance per General Ledger, October 31, 2017
$12,729.77
Adjusted balance per bank statement, October 31, 2017
$12,729.77
Cash
Account No.101
Date
Description
PR
Debits
Credits
Balance
2017-11-01
12,729.77
2017-11-09
Deposit
G1
3,476.87
16,206.64
2017-11-09
Photocopier Lease
G1
1,084.34
15,122.30
2017-11-04
Cheque 569
G1
1,000.81
14,121.49
2017-11-14
Cheque 570
G1
1,600.86
12,520.63
2017-11-15
Cheque 571
G1
791.18
11,729.45
2017-11-20
Deposit
G1
6,401.93
18,131.38
2017-11-26
Cheque 572
G1
5,360.90
12,770.48
2017-11-26
Cheque 573
G1
238.00
12,532.48
2017-11-26
Cheque 574
G1
120.59
12,411.89
2017-11-26
Cheque 575
G2
675.00
11,736.89
2017-11-26
Cheque 576
G2
356.00
11,380.89
2017-11-26
Deposit
G2
1,127.07
12,507.96
2017-11-26
Deposit
G2
884.00
13,391.96
Independent Bank
Account No.
344-77536
Black Light Industries
2653 High Street
Bridgewater, NSB4V 1V8
Period
01-11-17 to 30-11-17
Date
Transaction Description
Cheques
& Debits
Deposits
& Credits
Balance
Balance forward
14,991.68
01-11-17
AFT Leasing Services
1,084.34
13,907.34
Deposit
3,476.87
17,384.21
05-11-17
Cheque 568
1,169.97
16,214.24
14-11-17
Cheque 570
1,600.86
14,613.38
15-11-17
Cheque 566
1,091.94
13,521.44
18-11-17
Loan interest
260.15
13,261.29
Cheque 569
1,000.81
12,260.48
20-11-17
Cheque 571
791.18
11,469.30
Deposit
6,401.93
17,871.23
27-11-17
Cheque 572
5,360.90
12,510.33
28-11-17
Cheque 573
238.00
12,272.33
30-11-17
Interest
4.54
12,276.87
Service Charge
50.16
12,226.71
REQUIRED:Refer to table 8-3.Prepare the November bank reconciliation and the November adjusting entries resulting from the bank reconciliation.
Expert Answer:
