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The March bank statement showed the following for Sandhill Co.: SANDHILL CO. Bank Statement March 31, 2021 Cheques and Other Debits Date Number Amount Deposits
The March bank statement showed the following for Sandhill Co.: SANDHILL CO. Bank Statement March 31, 2021 Cheques and Other Debits Date Number Amount Deposits Amount Feb. 28 $12,720 Mar. 3 3470 $1,520 $2,520 13,720 4 3471 850 12,870 6 3472 1,420 1,220 12,670 7 3473 265 12,405 10 NSF 571 11,834 11 3475 480 1,740 13,094 14 3477 920 12,174 17 3476 1,820 2,280 12,634 20 1,830 14,464 21 3474 2,330 12,134 26 3478 1,090 2,778 13,822 31 LN 1.190 12,632 31 3480 1,670 10,962 31 SC 59 IN 36 10,939 Additional information: 1. The bank statement contained three debit memoranda: . An NSF cheque of $571 that Sandhill had deposited was returned due to insufficient funds in the maker's bank account. This cheque was originally given to Sandhill by Mr. Jordan, a customer, in payment of his account. Sandhill believes it will be able to collect this amount from Mr. Jordan A bank loan payment (LN), which included $190 of interest and a $1.000 payment on the principal. (Hint: Use Notes Payable.) A service charge (SC) of $59 for bank services provided throughout the month. 2. The bank statement contained one credit memorandum for $36 of interest (IN) earned on the account for the month. 3. The bank made an error processing cheque #3478. No other errors were made by the bank. Sandhill's unadjusted cash balance per its general ledger on March 31 is $8,486. Sandhill's list of cash receipts and cash payments showed the following for March: Cash Receipts Date Amount Mar. 5 $1,220 10 1,740 14 2.280 20 1,830 25 2.787 31 1.030 Total $10,887 Cash Payments Cheque No. Date Amount Mar. 3 3472 $1.420 4 3473 625 ON 3474 2.330 7 3475 480 13 3476 1.820 14 3477 920 19 3478 1.590 21 3479 161 28 3480 1.670 31 3481 865 31 3482 1.130 $13,011 Total The bank portion of the previous month's bank reconciliation for Sandhill Co.at February 28, 2021, was as follows: SANDHILL CO. Bank Reconciliation February 28, 2021 Cash balance per bank Add: Deposits in transit $12.720 2.520 15.240 $2.260 Less: Outstanding cheques 3451 #3470 #3471 Adjusted cash balance per bank 1520 850 4,630 510,610 SANDHILLCO Bank Recondsdon March 31, 2021 > > > > li
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