i. On November 30, you are supplied with the following information by your employer, Mary Martha Manufacturing Ltd 11. 111. Cash book balance $4,923.14 111. Bank statement balance 6,970.35 iv. Outstanding cheques: #28 90.33 41 56.45 49 977.00 50 55.25 51 358.97 v. Outstanding deposit 750.00 vi. Items not yet recorded in cash book that are included in the bank statement: o Bank service charges o N.S.F. cheque of T. Smyth o Bank Loan payment • The bank collected and deposited in our account the previous N.S.F. cheque of R. Collins • The bank credited our account with interest that was earned on a term deposit 20.99 375.00 325.00 950.00 1,185.86 viii. When the November cheques are compared with entries in the cash payments journal, it was noticed that cheque #48 had been correctly made out for $250.00 in payment for the utilities bill, but when entered in the cash payments journal, was recorded as only $200.00. ix. In error, the bank took $105.66 out of our account instead of Martha Mary Mirrors Ltd. REQUIRED

i. On November 30, you are supplied with the following information by your employer, Mary Martha Manufacturing Ltd 11. 111. Cash book balance $4,923.14 111. Bank statement balance 6,970.35 iv. Outstanding cheques: #28 90.33 41 56.45 49 977.00 50 55.25 51 358.97 v. Outstanding deposit 750.00 vi. Items not yet recorded in cash book that are included in the bank statement: o Bank service charges o N.S.F. cheque of T. Smyth o Bank Loan payment • The bank collected and deposited in our account the previous N.S.F. cheque of R. Collins • The bank credited our account with interest that was earned on a term deposit 20.99 375.00 325.00 950.00 1,185.86 viii. When the November cheques are compared with entries in the cash payments journal, it was noticed that cheque #48 had been correctly made out for $250.00 in payment for the utilities bill, but when entered in the cash payments journal, was recorded as only $200.00. ix. In error, the bank took $105.66 out of our account instead of Martha Mary Mirrors Ltd. REQUIRED

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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