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The bank portion of last month's bank reconciliation for Carla Vista Ltd. at February 28 was as follows: CARLA VISTA LTD. Bank Reconciliation February 28
The bank portion of last month's bank reconciliation for Carla Vista Ltd. at February 28 was as follows: CARLA VISTA LTD. Bank Reconciliation February 28 Cash balance per bank Add: Deposits in transit $18,076 3,131 21,207 Less: Outstanding cheques #3451 #3470 $1,946 2,135 Reconciled cash balance $17,126 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at February 28. The March bank statement showed the following: CARLA VISTA LTD. Bank Statement March 31 Amounts Deducted from Account (Debits) Amounts Added to Account (Credits) Date Feb. 28 Balance 18,076 16,130 Mar. 1 1,946 Description Opening balance Cheque, No. 3451 Deposit Cheque, No. 3470 Deposit 1 3,131 2,135 2 4 19,261 17,126 19,082 1,956 4 1.956 19,082 17,384 9 10 10 1,698 877 35 1,223 1,843 16,507 16.472 15,249 Deposit Cheque, No. 3471 Returned cheque-NSF, J. Mustafa NSF fee EFT, loan payment Cheque, No. 3472 Deposit EFT, collection on account from M. Boudreault Bank service charges and credit card fees 15 19 13,406 16,661 26 3.255 31 607 17,268 17,180 31 88 Carla Vista's cash receipts and payments for the month of March showed the following: Cash Receipts Date Amount Date Mar. 4 Mar. 7 Cash Payments Number Amount 3471 $1,698 3472 1,483 3473 4,916 $8,097 26 $1,956 3,255 4,012 $9,223 15 31 29 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 $83 of interest and a $1,140 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 $88 were not previously recorded. 4. Bank service charges and debit and credit card processing fees totalling $88 were not previously recorded. (a) Calculate the cash balance per books at March 31, prior to reconciliation. Caash balance per books at March 31 $ Save for Later Attempts: 0 of 2 used Submit
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