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The May 31 bank statement of Seniorcare Services Association (SSA) has just arrived from Scotiabank. To prepare the SSA bank reconciliation, you gather the following
The May 31 bank statement of Seniorcare Services Association (SSA) has just arrived from Scotiabank. To prepare the SSA bank reconciliation, you gather the following data: (Click the icon to view the additional data for the bank reconciliation.) Requed 1. Prepare the bank reconciliation for SSA. 2. Journalize the May 31 transactions needed to update SSA's Cash account. Include an explanation for each entry. Data table a. SSA's Cash account shows a balance of $3,922.06 on May 31 . b. The May 31 bank balance is $5,672.57. c. The bank statement shows that SSA earned $35.16 of interest on its bank balance during May. This amount was added to SSA's bank balance. d. SSA pays utilities ($280) and insurance ($100) by EFT. e. The following SSA cheques did not clear the bank by May 31 : f. The bank statement includes a donation of $790, electronically deposited to the bank for SSA. g. The bank statement lists a $11.50 bank service charge. h. On May 31, the SSA treasurer deposited $18.15, which will appear on the June bank statement. i. The bank statement includes a $398 deposit that SSA did not make. The bank added $398 to SSA's account for another company's deposit. i. The bank statement includes two charges for returned cheques from donors. One is The May 31 bank statement of Seniorcare Services Association (SSA) has just arrived from Scotiabank. To prepare the SSA bank reconciliation, you gather the following data: (Click the icon to view the additional data for the bank reconciliation.) Requed 1. Prepare the bank reconciliation for SSA. 2. Journalize the May 31 transactions needed to update SSA's Cash account. Include an explanation for each entry. Data table a. SSA's Cash account shows a balance of $3,922.06 on May 31 . b. The May 31 bank balance is $5,672.57. c. The bank statement shows that SSA earned $35.16 of interest on its bank balance during May. This amount was added to SSA's bank balance. d. SSA pays utilities ($280) and insurance ($100) by EFT. e. The following SSA cheques did not clear the bank by May 31 : f. The bank statement includes a donation of $790, electronically deposited to the bank for SSA. g. The bank statement lists a $11.50 bank service charge. h. On May 31, the SSA treasurer deposited $18.15, which will appear on the June bank statement. i. The bank statement includes a $398 deposit that SSA did not make. The bank added $398 to SSA's account for another company's deposit. i. The bank statement includes two charges for returned cheques from donors. One is
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