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
Bank Reconciliation
February 28, 2018
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
College Accounting A Practical Approach
ISBN: 978-0133133233
12th Canadian edition
Authors: Jeffrey Slater, Brian Zwicker
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