5. A credit note attached to the bank statement indicates that the bank has recovered a bill receivable of $2,700 on behalf of the company, for a collection fee of $27, and that it has raised the net amount to Collette Inc.'s bank account .6. A debit note of $320 accompanies a non-provisional check of 300 S. This check comes from customer David Gabriel in payment of his customer account.The difference of $20 represents the fee charged by the bank for the processing of the non-fund cheque.7. The bank statement indicates that a bank fee of $25 was charged in April.8. The receipts of April 30, in the amount of $789, were deposited in the bank's night safe. On May 2, they were recorded on the bank statement.Work to be done1. Draw up the April bank reconciliation of Collette inc.2. Pass the entries to the general newspaper to regularize the Cash account.

5. A credit note attached to the bank statement indicates that the bank has recovered a bill receivable of $2,700 on behalf of the company, for a collection fee of $27, and that it has raised the net amount to Collette Inc.'s bank account .6. A debit note of $320 accompanies a non-provisional check of 300 S. This check comes from customer David Gabriel in payment of his customer account.The difference of $20 represents the fee charged by the bank for the processing of the non-fund cheque.7. The bank statement indicates that a bank fee of $25 was charged in April.8. The receipts of April 30, in the amount of $789, were deposited in the bank's night safe. On May 2, they were recorded on the bank statement.Work to be done1. Draw up the April bank reconciliation of Collette inc.2. Pass the entries to the general newspaper to regularize the Cash account.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 1PB

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