Question: Rose Company in Drumheller received a bank statement from TD Canada Trust indicating a bank balance of $7,100. Based on Roses G/L cash account, the

Rose Company in Drumheller received a bank statement from TD Canada Trust indicating a bank balance of $7,100. Based on Rose’s G/L cash account, the balance was $5,700. Your task is to prepare a bank reconcilia- tion for Rose Company as of July 31, 2014, from the following information (journalize entries as needed):
a. Cheques outstanding: No. 122, $800; No. 130, $1,000.
b. Deposits in transit, $1,110.
c. Rose Company forgot to record a $33 gasoline purchase made with a debit card.
d. Bank service charge, $60.
e. TD Canada Trust collected a note for Rose, $810, less a $7 collection fee.

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