Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The bank portion of the bank reconciliation for Bogalusa Company at October 31, 2022, is as follows. The adjusted cash balance per bank agreed with

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

The bank portion of the bank reconciliation for Bogalusa Company at October 31, 2022, is as follows. The adjusted cash balance per bank agreed with the adjusted cash balance per books at October 31. All necessary journal entries were made at the end of October. The November bank statement showed the following checks and deposits. The cash records per books for November showed the following. The November bank statement contained two bank memoranda: 1. A credit of $2,242.00 for the collection for Bogalusa Company of an electronic funds transfer 2. A debit for the printing of additional company checks $85.00 At November 30, the cash balance per books was $11,073.80 and the cash balance per the bank statement was $17,712.50. The bank did not make any errors, but Bogalusa Company made two errors. Prepare a bank reconciliation at November 30, 2022. (List items that increase balance as per bank \& books first. Reconcile cash balance per bank first. Round answers to 2 decimal places, e.g. 52.75.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Cost Accounting Student Manual Free Tracked Delivery

Authors: Colin Drury, Mike Tayles

1st Edition

9781473773622

More Books

Students also viewed these Accounting questions

Question

Explain the tax attributes of a sole pro- prietorship.

Answered: 1 week ago

Question

1. Why do people tell lies on their CVs?

Answered: 1 week ago

Question

2. What is the difference between an embellishment and a lie?

Answered: 1 week ago