Question
The following information is taken from the accounting records of Village Pet Shelter at December 31, 2021, the organization's year end: 1.The petty cash box
The following information is taken from the accounting records of Village Pet Shelter at December 31, 2021, the organization's year end:
1.The petty cash box contained $20 in cash and $280 in receipts on the morning of December 31,2021 and was replenished before the end of the day.
2.The organization owned $50,000 in guaranteed investment certificates due June 30, 2022.
3.The Bank of Montreal chequing account balance was $4,566 after all adjusting entries had beenmade.
4.The Bank of Montreal savings account balance was $35,600 before recording $150 in Decemberinterest revenue.
5.The Bank of Nova Scotia chequing account balance, after all adjustments, is $80,700. The fundsin this account were donated by a private foundation for the purpose of purchasing new shelter furnishings, which they plan to do in February 2022.
Instructions
How do you put together a partial balance sheet for Village Pet Shelter at December 31 showing how this information should be presented.
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