From the following July 28, 2017, bank statement (p. 387), (a) Complete a bank reconciliation for The

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From the following July 28, 2017, bank statement (p. 387),
(a) Complete a bank reconciliation for The Fresh Flower Shop of Halifax and
(b) Journalize the appropriate entries as needed.
a. A deposit of $2,122 is in transit.
b. The Fresh Flower Shop has an ending cheque-book balance of $5,111.
c. Cheques outstanding: No. 231, $298; No. 245, $509; No. 246, $76; No. 247, $237.
d. Jane Yates's cheque for $225 bounced because of non-sufficient funds.
Casing Suppliers Ltd.
General Ledger Listing as of March 31, 2018

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Casing Suppliers Ltd.
Bank Reconciliation
February 28, 2018
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e. Cheque No. 241 for utilities expense was entered in the cash payments journal as $358.
f. The cheque for $607 shown by the bank as paid on July 28 was actually a cheque of the Active Automotive Repair. This error will be corrected by the bank next month. The bank apologized for the error?
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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 978-0133133233

12th Canadian edition

Authors: Jeffrey Slater, Brian Zwicker

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