Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is for Blossom Company in September: 1. Cash balance per bank, September 30, $6,800. 2. Cash balance per books, September 30, $5,170.

image text in transcribedimage text in transcribedimage text in transcribed

The following information is for Blossom Company in September: 1. Cash balance per bank, September 30, $6,800. 2. Cash balance per books, September 30, $5,170. 3. Outstanding cheques, $3,340. 4. Bank service charge, $24. 5. NSF cheque from customer, $190. 6. Deposits in transit $1,627. 7. EFT receipts from customers in payment of their accounts, $77. 8. Cheque #212 was correctly written and posted by the bank as $428. Blossom Company had recorded the cheque as $482 in error. The cheque was written for the purchase of supplies. Prepare a bank reconciliation at September 30, 2021. (List items that increase balance as per bank & books first.) BLOSSOM COMPANY Bank Reconciliation September 30, 2021 Journalize the adjusting entries at September 30, 2021, on Blossom Company's books. (Credit account tities are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Sept. 30 (To record EFT receipts and error on Cheque No. 212) Sept. 30 (To record Bank charges and NSF cheque)

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

Accounting And Money For Ministerial Leadership Key Practical And Theological Insights

Authors: Nimi Wariboko

1st Edition

1625640129, 9781625640123

More Books

Students also viewed these Accounting questions

Question

Explain the relationship between thoughts, feelings, and actions.

Answered: 1 week ago