VIDUAUI Lastern Daylight Time - Reg cam he Left:1:34:13 Nickolas Vendramin: Attempt 1 Bank reconciliation (approx. 15 minutes) Assume, you are preparing the bank reconciliation for Franz & Sons Electronics Ltd. The bank statement on March 31 shows a balance of $17,889. The general ledger shows a cash debit balance of $20,035 per that date. You compare the two documents and notice the following discrepancies: -) The bank service charge of $15 has not been recorded --) Languros Ltd paid their bill by electronic transfer, $1,100. This transaction has not been recorded by Franz & Sons. -) The cheque which had been sent by Caracus Ltd, to pay an outstanding bill of 52,350 bounced because the customer had nonsufficient funds available. ) The deposits of $2,215 has not been recorded by the bank yet Franz & Sons sent cheques worth $1,244 to pay for purchased inventory. The upplier has not yet cashed the cheque. The bank recorded a withdrawal of $540 mistakenly as withdrawal of $450. astructions: reate a bank reconciliation to determine the reconciled cash balance for Franz & ons Ltd. Then, fill out the blanks below to answer the following questions: ank #1: What is the reconciled cash balance? (Note: Enter plain amount; no rrency signs, commas, spaces etc.) ank #2: Consider all the necessary journal entries for Franz & Sons' bank conciliation. What is the total amount you have debited to Cash (over all the arnal entries)? (Note: Enter plain amount; no currency signs, commas, spaces etc.) nk #3: Consider all the necessary journal entries for Franz & Sons' bank! MacBook Pro Create a bank reconciliation to determine the reconciled cash balance for Franz & Sons Ltd. Then, fill out the blanks below to answer the following questions: Blank #1: What is the reconciled cash balance? (Note: Enter plain amount; no currency signs, commas, spaces etc.) Blank #2: Consider all the necessary journal entries for Franz & Sons' bank reconciliation. What is the total amount you have debited to Cash (over all the journal entries)? (Note: Enter plain amount; no currency signs, commas, spaces etc.) Blank #3: Consider all the necessary journal entries for Franz & Sons' bank! reconciliation. What is the total amount you have credited to Cash (over all the journal entries)? (Note: Enter plain amount; no currency signs, commas, spaces etc.) Blank #4: What is the ending balance of Franz and Sons' Cash account after considering all the necessary journal entries of the bank reconciliation? (Note: Enter plain amount; no currency signs, commas, spaces etc.) Blank # 1 Blank # 2 Blank # 3 Blank #4 Previous Page Next Page Page 27 of 31 MacBook Pro Question 27 (14 points) Bank reconciliation (approx. 15 minutes) Assume, you are preparing the bank reconciliation for Franz & Sons Electronics Ltd. The bank statement on March 31 shows a balance of $17,889. The general ledger shows a cash debit balance of $20,035 per that date. You compare the two documents and notice the following discrepancies: -) The bank service charge of $15 has not been recorded -) Languros Ltd paid their bill by electronic transfer, $1,100. This transaction has not been recorded by Franz & Sons. -) The cheque which had been sent by Caracus Ltd. to pay an outstanding bill of $2,350 bounced because the customer had nonsufficient funds available. -) The deposits of $2,215 has not been recorded by the bank yet -) Franz & Sons sent cheques worth $1,244 to pay for purchased inventory. The supplier has not yet cashed the cheque. -) The bank recorded a withdrawal of $540 mistakenly as withdrawal of $450. Instructions: Create a bank reconciliation to determine the reconciled cash balance for Franz & Sons Ltd. Then, fill out the blanks below to answer the following questions: Blank #1: What is the reconciled cash balance? (Note: Enter plain amount; no currency signs, commas, spaces etc.) Blank #2: Consider all the necessary journal entries for Franz & Sons' bank reconciliation. What is the total amount you have debited to Cash (over all the journal entries)? (Note: Enter plain amount; no currency signs, commas, spaces etc.) MacBook Pro
