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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
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) Bujold Company has the following internal controls over cash payments. Identify the control activity that is applicable to each of the following. 1. Company cheques are pre-numbered. 2. Blank cheques are stored in a safe in the controller's office. 3. All employees in the accounting department are required to take vacations each year. 4. The bank statement is reconciled monthly by the assistant controller. 5. Both the controller and the treasurer are required to sign cheques or authorize EFT. 6. Cheque signers are not allowed to record cash payments. For each of the items in the following list, identify where it is included on a bank reconciliation: 1. EFT payment made by a customer Decrease to company cash balance 2. Bank debit memorandum for service charges 3. Outstanding cheques from the current month 4. Bank error in recording a $1,779 deposit as $1,977 5. Outstanding cheques from the previous month that are still outstanding 6. Outstanding cheques from the previous month that are no longer outstanding 7. Bank error in recording a company cheque made out for $160 as $610 8. Bank credit memorandum for interest revenue 9. Company error in recording a deposit of $160 as $1,600 View Policies Current Attempt in Progress Carla Vista Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $190. On September 30 , there were $51 cash and the following petty cash receipts in the petty cash box: Record the journal entry on September 4 to establish the petty cash fund. (Credit account titles are automatically indented when the
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