On December 3 1 , Cullumber Ltd . had a cash balance of $ 1 8 ,
Question:
On December Cullumber Ltd had a cash balance of $ in its general ledger. The bank statement from the National Bank on that date showed a balance of $ A comparison of the bank statement with the Cash account revealed the following:
Cheques outstanding on November totalled $ Of these, $ worth cleared the bank in December. All cheques written in December cleared the bank in December.
A deposit of $ made on December was not recorded by National Bank until January
Supplies of $ were paid via EFT during the month of December. The company has already recorded these.
The bank statement showed automatic EFT withdrawals for utility payments totalling $
The bank statement included service charges and debit and credit card processing fees of $
Prepare the bank reconciliation at December List items that increase balance as per bank & books first.
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak