FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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| Bank Reconcilation | ||||||||||||||
| As the bookkeeper of Rose Company of Drumheller, you received the bank statement from TD Canada Trust | ||||||||||||||
| indicating a balance of $5,820. The ending book balance wad $6,321. The following information was available | ||||||||||||||
| Deposits in transit were $2,875 | ||||||||||||||
| Bank service charges were $24 | ||||||||||||||
| Cheques outstanding: No. 111, $478, No. 115, $1,147 | ||||||||||||||
| TD collected a note for Rose, $1,770 and charged you a $12 collection fee | ||||||||||||||
| NSF cheque $525 was on the bank statement | ||||||||||||||
| Rose company records cheque No. 107 as $900 for this months rent but the bank withdrew the correct amount on the cheque: $800 | ||||||||||||||
| The bank made an error by deducting $560 to your account that was not one of your cheques | ||||||||||||||
| Required: | ||||||||||||||
| Prepare a bank reconcilation AND any necessary |
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