Blossom Dating Services received its bank statement for the month of November. It showed that the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Blossom Dating Services received its bank statement for the month of November. It showed that the business has a credit balance of $17,100 as at 30 November 2021. Upon reviewing, the business discovered that deposit of $4,500 made on 30 November was not yet credited by the bank. It also discovered that a cheque of $660 received from a customer was erroneously added as $606 by the bank. In addition, the following issued cheques have not been presented to the bank: Cheque No. 424 431 434 Required: Amount ($). 505 1,230 2,100 Prepare the bank reconciliation statement as at 30 November 2021. Blossom Dating Services received its bank statement for the month of November. It showed that the business has a credit balance of $17,100 as at 30 November 2021. Upon reviewing, the business discovered that deposit of $4,500 made on 30 November was not yet credited by the bank. It also discovered that a cheque of $660 received from a customer was erroneously added as $606 by the bank. In addition, the following issued cheques have not been presented to the bank: Cheque No. 424 431 434 Required: Amount ($). 505 1,230 2,100 Prepare the bank reconciliation statement as at 30 November 2021.
Expert Answer:
Answer rating: 100% (QA)
To prepare the bank reconciliation statement for Blossom Dating Services as at 30 November 2021 we n... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Posted Date:
Students also viewed these accounting questions
-
We are required to use macrs schedule over 7 years, but the project ends at year 4. Note, we need to calculate a book value at year 4. Open a discussion on how to treat the NWC, charity donation in...
-
(Lump-sum acquisition) The Allred Shipping Co. acquired land, buildings, and equipment at a lump-sum price of $920,000. An appraisal of the assets at the time of acquisition disclosed the following...
-
When Hirji Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $16,780 as at October 31. Hirji's general ledger showed a cash balance...
-
Review TP1. Review current season ticket prices for one Major League Baseball team. Choose one season ticket price area to review. A. Determine what is recognized as per ticket revenue after each...
-
A chute is made of sheet metal of uniform thickness. Locate the center of gravity of the chute. s in 5.4 in. 36 in. 30 in.
-
As of 31 December 2018, Smithers Pty Ltd has assets of \($7500\) and equity of \($3000.\) What are the liabilities for Smithers Pty Ltd as of 31 December 2018? (a) \($10\) 500. (b) \($4500\). (c)...
-
What the paralegals role is in the litigation process?
-
A path cover of a directed graph G = (V, E) is a set P of vertex-disjoint paths such that every vertex in V is included in exactly one path in P. Paths may start and end anywhere, and they may be of...
-
Find bearing forces, draw shear force, normal force and moment diagrams and look at characteristic values for the beam
-
Imagine that you are Magna's new corporate controller and answer the following: 1. Describe Magna's strategy in terms of how it competes for customers. 2. Based on Magna's strategy and the data...
-
Hospitals rarely promote themselves for having the lowest prices in their market areas. They tend to emphasize quality and count on the lack of public transparency about prices to avoid direct...
-
Explain the difference between traditional and enterprise risk management. Explain why enterprise risk management is a more effective approach for today's organizations. Explain key drivers of...
-
What is the Present Value of receiving $100,000 in 20 years if interest rates are 5%? Reference the following formulas to solve the problem: FV=PV / (1+r)^t -1)/r PV=FV (1+r)^t PVA...
-
Impact of AI on Marketing & Ethics This is a discussion assignment. Discuss your view on the impact of AI on marketing and its ethical implications-describe both the positives and negatives. Provide...
-
Pepi's Pizza Parlour has a cost of debt of 6% and a cost of equity of 10%. The firm has 100,000 shares of common stock outstanding at a book price of $20 a share. Shares are now trading at $22. The...
-
What are the advantages and disadvantages of divesting through an asset sale or through a spin-off? In your opinion, did Northrop Grumman make the right choice in pursuing a spin-off?
-
Sid Alvarez, another accounting student in our class, makes the statement "Retained earnings is like a bank account that you can withdraw from." 1. Agree with Sid's Statement or not? 2. Why agreed or...
-
What is beacon marketing? What are digital wallets?
-
The acquisition cost of inventory remaining at the end of a period is measured using LIFO, FIFO, or average cost. a. Rank cost of goods sold, gross profit, and ending inventory from highest to lowest...
-
Identify the types of firm-specific factors that increase a firms nondiversifiable risk (systematic risk). Identify the types of firm-specific factors that increase a firms diversifiable risk...
-
In conceptual terms, explain the value-to-book valuation approach. Explain how the value-to-book approach described and demonstrated in this chapter relates to the residual income valuation approach...
-
The adjusted trial balance of Marshall Ltd. at December 31, 2020. Requirements 1. Prepare Marshall Ltd.'s 2020 income statement, statement of retained earnings, and balance sheet. List expenses...
-
Fred's Catering Ltd. had the following selected transactions during May 2020: Requirements 1. Show how each transaction would be handled using the cash basis and the accrual basis, Under each column,...
-
The balance sheet at December 31, 2018, 2019) and 2020 and income statement for the years ended December 31, 2018, 2019, and 2020 for Ojibway Inc. include the following data: Requirements Use the...
Study smarter with the SolutionInn App