Question
The following information pertains to the Blossom Company's March bank reconciliation: Balance per bank, March 31 $6006 Deposits outstanding $1425 NSF check $145 Bank service
The following information pertains to the Blossom Company's March bank reconciliation:
Balance per bank, March 31 $6006
Deposits outstanding $1425
NSF check $145
Bank service charge $19
Checks outstanding ($2645)
Balance per books, March 31 $4950
The following information pertains to the Blossom Company's April bank reconciliation:
Balance per bank statement, April 30 $6021
April receipts recorded by bank $6845
April bank service charge $15
April disbursements recorded by bank (excluding bank service charge) $6815
The bank made an error in recording the deposit of April 15:
Correct amount of deposit $1490
Amount recorded by the bank $1940
Blossom recorded cash receipts of $7940 and cash disbursements of $6260 in April.
Requirements:
Prepare Blossom's bank reconciliations for the months of March and April.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started