Based on the account statement on page 349, (1) complete the bank reconciliation for Rick's Deli of
Question:
Casing Suppliers Ltd.
General Ledger Listing as of March 31, 2015
Casing Suppliers Ltd.
Bank Reconciliation
February 28, 2015
a. Cheques outstanding: No. 110, $80; No. 116, $160; No. 118, $52.
b. A deposit of $416 is in transit.
c. The cheque book balance of Rick's Deli shows an ending balance of $798.
d. Jim Rice's cheque for $40 bounced because of lack of sufficient funds.
Transcribed Image Text:
ng Period Source Date Description 3 GL-GJ 2-Mar-15 WESTERN PROPERTIES LTD 3 GL-GJ 2-Mar-15 WALLY PIERCE- Deposit 3 GL-G) 3-Mar-15 SANDY NESS Deposit CHQ 3525 3-1 1,498.00 3,243.34 Dr GL-GJ 3-Mar-15 CARSON WHOLESALE INC. 3 GL-G 4-Mar-15 QUICK COMPUTER REPAIRS LTD. CHQ 3527 3-5 136.00 9,082.14 Dr 1,510.00 7,572.14 Dr GL-GJ 4-Mar-15 NIVENS QUALITY UPHOLSTERING CHQ 3528 3-6 3 GL-G 4-Mar-15 ALLEN MURRAY Deposit 3 GL-G 5-Mar-15 A.F. KINGSLEY, ACCOUNTANT CHQ 3529 3-8 3 GL-GJ 6-Mar-15 BRENDA KELLY Deposit 3 GL-GJ 6-Mar-15 EVANS CONTRACTING LTD 3 GL-GJ 6-Mar-15 CORRINTHIAN CONSULTING CO. CHQ 3531 3 11 3 GL-GJ 6-Mar-15 NANCY SNYDER 3 GL-GJ 6-Mar-15 CITY PHONE COMPANY 3 GL-GJ 9-Mar-15 LYCOS UTILITIES INC. 3 GL-GJ 9-Mar-15 CASEY VALENCE 749.00 15,565.14 Dr. CHQ 3530 3 10 5,248.95 12,072.44 Dr. 2,850.00 9,222.44 Dr. 1,500.00 7,722.44 Dr. 168.45 7,553.99 Dr. 318.96 7,235.03 Dr. 418.50 6,816.53 Dr. 641.30 6,175.23 Dr. 365.00 5,810.23 Dr. CHQ 3536 3 14 15 CHQ 3539 3-17 CHQ 3540 3 19 GL-GJ 9-Mar-15 STATIONERY DEPOT LTD. 3 GL-GJ 10-Mar-15 JAMIE DUPRE 3 GL-GJ 11-Mar-15 WAN TSUI Deposit GL-GJ 11-Mar-15 LARRY MURDOCH- Salary 3 GL-GJ 11-Mar-15 FREDA WANDERLING - Salary 3 GL-GJ 12-Mar-15 RBC-Loan Interest 3 GL-GJ 12-Mar-15 K CARDINAL Deposit 3 GL-GJ 13-Mar-15 JAMISON SUPPLIERS LTD 3 GL-G) 16-Mar-15 WORD WIZARDS LTD 3 GL-GJ 16-Mar-15 Canada Revenue Agency 3 GL-GJ 16-Mar-15 RBC Loan Repayment 3 GL-GJ 16-Mar-15 JOY AMITY- Deposit 1,645.20 5,781.85 Dr 1,586.45 4,195.40 Dr 368.40 3,827.00 Dr. 10,302.20 Dr 2,167.10 8,135.10 Dr. 742.00 7,393.10 Dr. 1,684.52 5,708.58 Dr. 3,000.00 2,708.58 Dr. CHQ 3541 3-20 3-22 6,475.20 CHQ 3542 3-23 29 CHQ 3546 3-31 CHQ 3548 3-37 GL-GJ 16-Mar-15 THOMAS HUNT Insurance 1,014.58 2,342.00 Dr. 125.00 2,217.00 Dr. 682.45 1,534.55 Dr. 35.30 1,499.25 Dr. 3 GL-GJ 17-Mar-15 PEARSON HIGH SCHOOL ADVERT. CHQ 3547 3 32 3 GL-GJ 17-Mar-15 THE LOCAL TIMES GL-G 18-Mar-15 RBC - New cheques ordered 38 3 GL-GJ 20-Mar-15 LINDA FRANKLIN- Deposit 3 GL-GJ 20-Mar-15 GRADY PURBOO Deposit 3 GL-GJ 23-Mar-15 LARRY MURDOCH Salary 4 3-44 1,867.95 CHQ 3549 3 45 CHQ 3550 3-46 CHQ 3551 3-47 Dr 1,645.20 4,568.54 Dr. 1,586.45 2,982.09 Dr. 1,256.75 1,725.34 Dr GL-GJ 23-Mar-15 FREDA WANDERLING -Salary 3 GL-GJ 24-Mar-15 CRISPIN ROBICHAUD 3 GL-GJ 26-Mar-15 KEN CHARLES Deposit 3 GL-GJ 27-Mar-15 WANDA GRIERSON - Deposit GL-GJ 27-Mar-15 OREST FELDMAN Deposit 3 GL-GJ 27-Mar-15 TIM EWASIUK Deposit 3 GL-GJ 27-Mar-15 GRAHAM DENMANN 3 GL-GJ 30-Mar-15 STILL PRODUCTIONS COMPANY CHQ 3553 3 57 3 GL-GJ 30-Mar-15 BRYANT WHOLESALE CHQ 3552 3 56 CHQ 3554 3 58 CHQ 3555 3 62 11,769.69 Dr Dr. 4,516.84 9,801.18 Dr. 1,648.75 8,152.43 Dr. 6,745.14 1,407.29 Dr. SUPPLIERS LTD GL-GJ 30-Mar-15 AGENCY RESTAURANT 158.76 1,248.53 Dr. 3 GL-GJ 30-Mar-15 COMPACT DESIGNS LTD 3 GL-GJ 31-Mar-15 AMY FIELDING Deposit CHQ 3556 3 65 3-66 2,866.38 Balance per Bank Statement Add: Deposit in Transit 5,183.83 3,640.58 8,824.41 53.18 1,685.25 2,344.64 Less: Outstanding Cheques: 3496 3523 3524 4,083.07 Balance per General Ledger 4741.34 ROYAL BANK OF CANADA Centreville Branch Suite 410, Ambrose Gardens Oakville, ON M4W 7H2 Account Statement Account No. 765-432-8 Period Mar 1/15 Mar 31/15 CASING SUPPLIERS LTD. 1840 Rochester Road Oakville, ON M7) 4D6 Enclosures Pa Balance Feb 28 Balance Forward 5,183.83 8,824.41 6,479.77 4,981.77 3,296.52 9,722.00 12,886.17 9,271.32 9,135.32 17,877.32 16,377.32 11,128.37 12,884.62 12,135.62 11,767.22 10,257.22 9,938.26 7,088.26 6,919.81 6,278.51 7,895.33 7,476.83 13,952.03 12,365.58 10,720.38 8,553.28 7,811.28 7,775.98 6,091.46 5,076.88 4,394.43 5,042.43 2,042.43 4,888.97 4,240.97 4,220.97 6,088.92 4,502.47 4,588.67 2,943.47 1,686.72 3,640.58 sit Mar 02 Cheque Chequ Mar 02 Cheque Mar 02 Deposit sit Mar 04 Cheque 3524 3525 3523 2,344.64 1,498.00 1,685.25 6,425.48 3,164.17 8,742.00 1,756.25 Chequ 3526 3527 3,614.85 136.00 Mar 04 Deposit Mar 09 Cheque Mar 09 Cheque sit 3532 3530 1,500.00 5,248.95 749.00 368.40 3529 Mar 09 Loan Interest Payment Mar 10 Cheque Mar 11 Cheque Chequ Mar 11 Cheque Chequ sit Mar 12 Cheque sit Mar 12 Cheque Chequ Mar 16 Cheque 3528 3536 3531 3535 3538 2,850.00 168.45 641.30 1,616.8 6,475.20 3537 418.50 3541 3540 3542 3543 1,586.45 1,645.20 2,167.10 742.00 35.30 1,684.52 1,014.58 682.45 Mar 16 Cheques Ordered Mar 17 Cheque Mar 17 Cheque Mar 18 Cheque sit 3544 3546 3548 648.00 2,846.54 1,867.95 Mar 18 Loan Principal Payment 3,000.00 Mar 20 NSF Cheque Joy Amity Mar 20NSF Service Charge 648.00 sit Mar 22 Cheque 3550 3549 3551 1,586.45 Mar 24Interest Earned Mar 24 Cheque Mar 25 Cheque 1,645.20 1,256.75 Mar 26 | Deposit Mar 27 Cheque Mar 27 Deposit Mar 27 Deposit Mar 30 Cheque Mar 30 Deposit Mar 30 Bank Service Charge Mar 30 Cheque 3,335.37 (1,181.47) 5,565.43 7,214.23 5,565.48 8,113.81 8,071.06 7,912.30 1,648.65 3552 4,516.84 6,746.90 1,648.80 3553 1,648.75 2,548.33 42.75 158.76 3555 BANE CF SASKATCHEWAN Account Statement 41 64 241 6736 RICKKS DES 11-102 Street AprO1 Balance Forward Apr 02 Cheque Apr 03 Cheque Apr 10 Deposit pr 10 Cheque 718.00 108 114 36.00 70.00 40.00 770.00 Apr 17 Cheque Apr 20 Apr 20 NSF Retamed Item Apr 23 Deposit Apr 24 Cheque Apr 27 Deposi Apr 28 Cheque Apr 30 Service Charge 80.00 160.00 B50.00 160.00 2400 714.00 109 80.00 30.00 344.00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (17 reviews)
BANK OF SASKATCHEWAN MAIN BRACH REGINA SASKATCHEWAN This form is provided to help you balanc...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Accounting questions
-
From the bank statement on the next page and the items below, please (1) complete the bank reconciliation for Ricks Deli of Regina found on the reverse of the bank statement and (2) journalize the...
-
From the following July 28, 2014, bank statement (p. 353), (1) complete a bank reconciliation for The Fresh Flower Shop of Halifax and (2) journalize the appropriate entries as needed. a. A deposit...
-
From the following July 28, 2017, bank statement (p. 387), (a) Complete a bank reconciliation for The Fresh Flower Shop of Halifax and (b) Journalize the appropriate entries as needed. a. A deposit...
-
A production line will be used to manufacture an item. The line will be operated with using the same personnel during single shift operations. During the initial line certification, the first item...
-
Costs are rising for all kinds of medical care. The mean monthly rent at assisted-living facilities was reported to have increased 17% over the last five years to $3,486 (The Wall Street Journal...
-
2 [The following information applies to the questions displayed below.] Income statements for the current year and one year ago, follow. Assume that all sales are on credit. Part 1 of 3 For Year...
-
Barry Randolph is a global marketing manager for Gen Tech Corporation, a leading manufacturer of computer accessories. The company has market-leading products in several categories, including...
-
Figure 6P-1 shows a market in equilibrium. a. Draw a price ceiling at $12. What is the amount of shortage at this price? Draw and calculate the deadweight loss. b. Draw a price ceiling at $4. What is...
-
The currently selling at Rs 100 it is known that the share price will either turned to Rs 108 or Rs 90 Rf=12% P.A. if you intend to buy 3 month call option with an exercise price of Rs 97 .how much...
-
Diversification among assets improves the opportunities faced by all risk-averse investors a. irrespective of the correlation coefficients b. only if correlations are not larger than 0 c. only if the...
-
As the book keeper of Rose Company of Drumheller, you received the bank statement from TD Canada Trust indicating a balance of $5,820. The ending cheque book balance was $6,321. Prepare the bank...
-
From the following transactions, (1) record the entries as needed in the general journal of Merry Co. of Lennoxville as well as the auxiliary petty cash record and 2013 April 1 Issued cheque No. 4...
-
Describe the condition under which it would be rational to exercise both an Americanstyle put and call stock option before the expiration date. In both cases, comment specifically on the role that...
-
Based on what the IC considers important for equity-related strategies, which strategy should Mukilteo most likely avoid? A. Long/short equity B. Equity market neutral C. Dedicated short selling and...
-
Which of the IC members statements regarding hedge fund strategies is incorrect? A. Statement 1 B. Statement 2 C. Statement 3 Snohomish Mukilteo is a portfolio analyst for the Puyallup-Wenatchee...
-
Which of the following notes about the DoGood Fund is correct? A. Only Note 2 B. Only Note 3 C. Both Note 2 and Note 3 Three years ago, the Albright Investment Management Company (Albright) added...
-
The government bond strategy that Mukilteo considers is best described as a: A. carry trade. B. yield curve trade. C. long/short credit trade. Snohomish Mukilteo is a portfolio analyst for the...
-
Which of Freys statements about securities lending and covered call writing is correct? A. Only Statement 1 B. Only Statement 2 C. Both Statement 1 and Statement 2 Three years ago, the Albright...
-
Factor the given expressions completely. 36s 2 121t 4
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
Journalize the following entries for (1) the buyer and (2) the seller. Record all entries for the buyer first. 201X June 11 LePorte Company sold $9,000 of merchandise on account to Ramsey Company....
-
On May 1, 201X, Marcus Company received a $60,000, 90-day, 10% note from Quincy Company dated May 1. On June 20, 201X, Marcus discounted the note at Manchester Bank at a discount rate of 12%. 1....
-
Journalize the following transactions for Jones Company: 201X June 18 Jones discounted its own $46,000, 180-day note at International Bank at 10%. Sept. 16 Paid the amount due on the note of June 18....
-
Gilbert Canned Produce (GCP) packs and sells three varieties of canned produce: green beans; sweet peas; and tomatoes. The company is currently operating at 82 percent of capacity. Worried about the...
-
The accounting records of Allen Insulation, Inc. reflected the following balances as of January 1, 20x0: Beginning Inventory: $190 units @ $120 The following transactions occurred in 20x0: January...
-
Sarasota Limited has a calendar-year accounting period. The following errors were discovered in 2023. 1. The December 31, 2021 merchandise inventory had been understated by $50,400. 2. 3. Merchandise...
Study smarter with the SolutionInn App