From the following July 28, 2014, bank statement (p. 353), (1) complete a bank reconciliation for The
Question:
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 of $2,122 is in transit.
b. The Fresh Flower Shop has an ending cheque book balance of $5,111.
c. Cheques outstanding: No. 231, $298; No. 245, $509; No. 246, $76; No. 247, $237.
d. Jane Yates's cheque for $225 bounced because of non-sufficient funds.
e. Cheque No. 241 for utilities expense was entered in the cash payments journal as $358.
f. The cheque for $607 shown by the bank as paid on July 28 was actually a cheque of the Active Automotive Repair. This error will be corrected by the bank next month. The bank apologized for the error
Casing Suppliers Ltd. General Ledger Listing as of March 31, 2015 Dr 1,746 20 238274 Dr 1,47716 8,75204 r 1050 Royal Bank Chequing GL- 2-M15 WESTERN PROPEKTIES LTD GL-G 2-Ma 15 WALLY PIERICE Depos GL-G 2-Mar15 CARSON WHOX ESALE INC 3 CL-GI 5-Mar-15 NIVENS QUALITY LPHOLSTERING CHO 2328 3-6 CLGI Mar1S ALLEN MURRAY-Dpoit GL-G 6-Mar1S A.F. KINGSLEY, ACCOUNTANT CH0 2329 3- 645.00 6,96284D 5,781 84 Dr 56.00 14.925.84 Dr GL ManS BRENDA KELLY Dept 6.Mar-15 GL-CI EVANS CONTRACTING LTD GL.Gl 6Ma+15 CORIONTHİAN CONSULTING CO. GL-G Mar15 NANCY SNYDER GL.GI 6-Mar-15 CITY PHONE COMM Y 5,58415 109554D 2.706.50 0.16.44 Dr. ,650,.006,51944 Dr 다 Q 2331 3-1 t 12 166 42 8353,02 GLG9 Ma-1S LYCOS UTILITIES INC 34272 6,010.30 D S05.70 04.0 CLGI 9 Mar1s CASEY VALENCE G-CI Mar-15 STATIONERY DEPOT LTD CH0 2338 3-16 668.62 4.935 98D 376.00 4.439.98 Dr GLCI 9MarS JAMIE DUPRE 3 GLOI 10 Man 15 LARRY MURDOCH- Salary CHO 2340 3-19 1,06420 60133 D 714554,2948 D GLGI 10-Ma 1s FREDA WANDERLING-SalaryCHO 2341 3 20 GLG 13Mar-15 IAMISON SUPPLIERS LTD GLG 16Mar1S RBC-Loan Repayment 26.42 972.06 GL CI 11-Mar-15 RBC-Loan est GLG 11-Mar1S K CARDINAL Deposuit 3 GL-C 16-Ma-15 WORD WIZARDS LTD 3 GL-G 6-Mar-15 Canata Revenue Apency CLGI 16-Mar 15 JOY AMITY Deposit 3 GL O 16 Man15 THOMAS HUNT Ie 947 」-22 s.846.84 CHO 23423-2 CHO 2343 3-27 CHO 2344 3-28 3,45921 6.359.69 Dr 972 00 8769 D 1,742.36 3,645 33 Dr CHO 2340 3.3 150.00 .694.09 D GL-C 17 Ma-1S THE LOCAL TIMES 68245 1,0114 CL GJ 1 Mar-15 RBC- New cheqs ondered 3 CL-Gİ 19-Mar-15 LINDA FRANKLIN Deposa 1530 97634 D 949 3-39 2,456.38 3,433.72 D. CHO 23493-45 3 CL-C 23-Mar1s FREDA WANDERLING-Salary CHQ 2350 3-46 CL-GI 21-Ma13 LARRY MURDOCH Salary ,864.20 3,53277D 1.71455 1.ท่า822 D. 1256 75561 47D CL-G 24-Ma1S CRISPIN ROBICHAUD GL-GI 25-Ma 1S EN CHARLES Depost GL-0 27-Mar15 WANDA GRIERSON Dei GL-G 27-Mar 15 OREST FELOMAN Depoit 9,17931 Dr GL-G 27-Mar15 GRAHAM DENMANN GL-GI 10-Mar-15 STILL PRODUCTIONS COMPANY CHO 3353 3-57 a·GJ 30-Mar, 15 BRYANT WHOLESALE 4,458,75 1,163.44 Dr. ,504.34$568 10 Dr 5,840.60 271.50 C CHa 3 GLCI 30-Mar 15 ACENCY RESTAURANT 62.70 434.20 C 26845 702.65 Cr GL GI 31 Mans COMPACT DESIGNS LTD GLGI 13 Mar 15 AMY FIELDING Deposit 955 〕-66 3,14.62 2443.97 Casing Suppliers Ltd. Bank Reconciliation February 28, 2015 ,18383 2296 ROYAL BANK OF CANADA Canvevile ran Account Statement 765-432-8 GASING SUPPLIERS LTD 840 Rochester Road Oukvie, ON 29 feb 28 Balance Forward Mar 02 Deposit Mar 02 Cheque 5,183.83 2,16645 Mar 02 Cheque Mar 02Deposit Mar 03 Deposit 6,856.42 12,317 26 8,840.10 Mar 04 Cheque Mar 06 Cheque 3,477.16 8,819.0015,864.10 Mat 06 Mar 06 Mar 09 Cheque Cheque 1,614.25 Mar 09 Cheque Mar 9 Loan Interest Payment 32642 1,645 00 9,066.78 Mar 10 Cheque Mar 10 Cheque 2,786 50 0 Cheque 3,417.25 5,846.84 Mar 12 Cheque 1,714.55 1564.20 3,459.21 2340 6,822.95 2343 Mar 16 Cheques Ordered 15.30 1,742 36 952.00 Mar 18 Loan Principal Payment 2,000.00 952.00 1,714.55 1256.73 4,458.78 594 34 162.70 2.456.3 Mar 20 NSF Service Charge Mar 23 Interest Eamed 3,409.88 Mar 24 Cheque Mar 27 Cheque Mar 27 Deposit Mar 3 Bank Service Charge 1.906.72 4,447-99 5,099.10 BANK O, INDUSTRY AND CON NEKİ Account Statement 914 8172 8179 THE FRESH IOMER SHOP 121 SPRING GARDEN SCAD Trarsactioe 410.00 1,260.00 4,513.00 927.00
Step by Step Answer:
BANK OF INDUSTRY AND COMMERCE MAIN BRANCH HALIFAX NS This form is provided to help you balance your ...View the full answer
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
Students also viewed these Accounting questions
-
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...
-
The following information was available to reconcile Montrose Company's book balance of Cash with its bank statement balance as of October 31, 2014: a. After all posting was completed on October 31,...
-
South Hampton Pool Supplies' May 31, 2014, bank balance was $7,350. The company's cash balance at May 31 was $8,210. Other information follows: 1. Outstanding cheques were #321 for $653, #371 for...
-
Prepare journal entries for each of the following transactions: 1. Purchase equipment in exchange for cash of $22,400. 2. Provide services to customers and receive cash of $5,100. 3. Pay the current...
-
The National Center for Education Statistics reported that 47% of college students work to pay for tuition and living expenses. Assume that a sample of 450 college students was used in the study. a....
-
Instruction: Given the definition of methods and fields available to the Fraction class below, extend it to a Generic Mixed Number class that can perform the different arithmetic operations....
-
In Thomas Friedmans book The World is Flat, he states the big companies should learn how to act small and enable their customers to act really big. What do you think that means? How might that...
-
Textile Company frequently factors its accounts receivable. During 2007, Faeber made credit sales of $100,000 to customers, under terms of 2/10, n/30. Faeber records its credit sales using the gross...
-
Explain how convergence differs from harmonization. In your opinion, what are the two most important arguments in favor of international convergence for US public companies? In your opinion, what are...
-
Develop a formula for finding the time constant of the liquid-level system shown in Fig. P5?4 when the average operating level is h0. The resistance R is linear. The tank has three vertical walls and...
-
Graham Company of Moncton received a bank statement from Royal Bank indicating a bank balance of $7,483. Based on Grahams cheque stubs, the ending cheque book balance was $6,919. Your task is to...
-
The following transactions occurred in March and were related to the general journal and petty cash fund of Samuel & Co. of St. Johns. The chart of accounts includes Cash, 100; Petty Cash, 105;...
-
Using integration, determine the area and the centroidal distance of the shaded area. Then, using the second theorem of PappusGuldinus, determine the volume of a paraboloid formed by revolving the...
-
Discuss the advantages and the disadvantages of the investment approach currently being used by the Investment Committee. Bern Zang is the recently hired chief investment officer of the Janson...
-
Discuss whether the current investment policy is appropriate given the Endowments annual spending policy. Upon completion of the investment policy review by her four-person staff, the CIO makes some...
-
Meura Bancorp, a US bank, has an equity capital ratio for financial assets of 12%. Meuras strategic plans include the incorporation of additional debt in order to leverage earnings since the current...
-
For Subscriber 1, the most significant factor to consider would be: A. margin requirements. B. transaction costs of using futures contracts. C. different quoting conventions for future contracts. Li...
-
For Subscriber 2, and assuming all of the choices relate to the KRW/USD exchange rate, the best way to implement the trading strategy would be to: A. write a straddle. B. buy a put option. C. use a...
-
Factor the given expressions completely. 36a 2 b 2 + 169c 2
-
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
-
If in Exercise 8 the income tax method was used, prepare the journal entry to record the exchange. In Exercise 8, Carol Co. traded in an old machine costing $22,000 for a new machine for a cash price...
-
From the following, prepare depreciation schedules for the first two years for (a) Straight-line, (b) Units-of-production, (c) Double declining-balance at twice the straight-line rate methods. ...
-
From the following, prepare depreciation schedules for the first two years for (a) Straight-line, (b) Units-of-production, (c) Double declining-balance at twice the straight-line rate methods. ...
-
Question: Part One: Memo Write an analysis of the impact of tax laws and incentives as demonstrated in this current years tax return. Specifically, you must address the following: Explain the...
-
From the following ledger balances, prepare a trial balance for the Cheyenne Corp. at June 3 0 , 2 0 2 2 . All account balances are normal.Accounts Payable $ 1 0 , 0 0 0 , Cash $ 7 , 4 0 0 , Common...
-
Kathy is mixing fruit punch in a 32-cup punch bowl for a party. She plans to add at least 20 cups of fruit juice to the bowl before adding ginger ale. Identify the graph that represents the amounts...
Study smarter with the SolutionInn App