Complete Bank Reconciliation using the Bank Statement dated January 16, 2017 found on the next page

Print (or create a pdf) the following report for the Period January 1-16, 2017:

Bank Statement Using the bank statement below, prepare the bank reconciliation at January 16 2024 CIBC Downtown Account Name Bob's Back Hoes Account No 333067 Statement for January 1-16 Date Debit Credit Balance January 2 Cash/Chqs 25,000.00 4 0001 6 Cash/Chqs 2,825.00 8 11 Cash/Chqs 4,972.00 13 Bank fee QuickBooks - Assignment 2 25,000.00 CR 5,198.00 19,802.00 CR 22,627.00 CR 485.90 22,141.10 CR 27,113.10 CR 0002 218.45 26,894.65 CR 0007 800.00 26,094.65 CR 20.00 26,074.65 CR 0006 600.00 25,474.65 CR Net Income: $3,987.55 Book Value of Chequing Account after bank reconciliation: $20,712.83 Check figures: 0003 BOB'S BACK HOES STUDENT EXERCISE Overview In this case-study, you, the student, will set up a new service company file using the Easy S Interview found by clicking on Detailed Start after clicking to create a new company. As y navigate through the Easy Step Interview, you will decide the best answers to the interview bas on the information presented here. You will also have the opportunity to practice setting up Chart of Accounts, and completing Journal entries, sales, Bills, and Cheques. As an extend activity, you may be required to complete the Bank Reconciliation. Accounting Information Bob Brown has decided to start a business of his own, doing backhoe work for clients beginnin January 1, 2024. He will run the business from his home at 123 Any Street, Chatham, Ontarie N7M 1A1. He has obtained his Business Number and registered for Goods and Services tax. Tax rates are GST 5%, and HST 13% . Bob will use the calendar year as his fiscal year. . His first HST quarterly report period will end March 31. . Bob will only do business in Southwest Ontario. . This is a Service Based Business with no inventory. To assist with setting up the Chart of Accounts, choose 'General Service-Based Business' as the industry in the Easy Step Interview process. . Bob Expects to invoice some Customers and collect Payment later. . Bob will sometimes buy products and services on credit and pay his vendors later. Attached is a Chart of Accounts Bob has been given to use with his business. . . After completing the Chart of Accounts, set up a Service Item called Back Hoe Fees, Description Back Hoe Services, Default Tax will be HST Only. QuickBooks - Assignment 2 Chart of Accounts: Note: Undeposited Funds and Retained Earnings should not be created. They will be edited after QuickBooks automatically creates them when required by transactions. Any accounts that are indented will be a subaccount of the item above. Account Type 10500 Chequing Account Bank 11000 Prepaid Insurance 12000 Accounts Receivable Other Current Asset Accounts Receivable Description Chequing Account Prepaid Insurance Accounts Receivable Home Office Equipment Computer Equipment Additions 13000 Fixed Asset Fixed Asset 13010 13020 Computer Equipment Additions Computer Equipment Depreciation Office Equipment Additions Fixed Asset Computer Equipment Depreciation Office Equipment Additions 13510 Fixed Asset 13520 Office Equipment Depreciation Fixed Asset Office Equipment Depreciation Other Current Assets Undeposited Funds 14990 Undeposited Funds 15000 Equipment Fixed Asset Equipment 15010 Equipment Additions Fixed Asset Equipment Additions 15020 Equipment Depreciation Fixed Asset 20000 Accounts Payable Accounts Payable Equipment Depreciation Accounts Payable HST Payable 25500 GST/HST Payable Other Current Liability 30000 Opening Balance Equity Equity Opening Bal Equity 32000 Bob Brown, Capital Equity Bob Brown Capital 30800 Bob Brown, Withdrawals Equity Bob Brown Withdrawals Retained Earnings 39000 Retained Earnings Equity 40100 Back Hoe Fees Earned Income Fees 60400 Depreciation Expense Expense Depreciation Expense 61000 Advertising Expense Expense Advertising Expense 62000 Back Hoe Equipment Rental Expense Back Hoe Equipment Rental 62500 Back Hoe Gas & Oil Expense Back Hoe Gas & Oil 63000 Bank Fees Expense Bank fees 64000 Insurance Expense Expense Insurance 64250 Liability Insurance Expense Liability Insurance 65000 Home Office Expense Expense Home Office Expense 65250 Office Supplies Expense Office Supplies 65500 Utilities Expense Expense Utilities Expense 65750 Telephone Expense Expense Telephone Expense 66200 Expense Professional Fees 66500 Accounting Fees Expense Accounting Fees 67000 Expense Repairs 68200 Taxes Expense Taxes 68300 Federal Taxes Expense Federal Taxes 68400 Provincial Taxes Expense Provincial Taxes Home Office Equipment Professional Fees Repairs QuickBooks - Assignment 2 Problem Statement Step 1: You have been hired to set up a Service Company File for Bob and set up the chart of Accounts as provided by the Consulting Accountant. Step 2: You have been directed to complete the transactions for the first two weeks of January. Step 3: You receive the bank statement and process the Reconciliation. NOTE- Only complete the steps as assigned by your instructor. Required Items for Each Step Step 1 Create the file Bob's Back Hoes - Your Name". This will help distinguish your report from the other students' assignments. Add, Edit, Delete or Make Inactive Accounts to match the Chart of Accounts Step 2 Process the transactions for January (including the initial capital contribution). Step 3 Complete Bank Reconciliation using the Bank Statement dated January 16, 2017 found on the next page Print (or create a pdf) the following report for the Period January 1-16, 2017: Bank Reconciliation Detailed Step 4 Print (or create a pdf) the following reports for the period January 1-16, 2017: Chart of Accounts Profit & Loss Standard Balance Sheet Standard Journals Bank Statement Using the bank statement below, prepare the bank reconciliation at January 16 2024 CIBC Downtown Account Name Bob's Back Hoes Account No 333067 Statement for January 1-16 Date Debit Credit Balance January 2 Cash/Chqs 25,000.00 4 0001 6 Cash/Chqs 2,825.00 8 11 Cash/Chqs 4,972.00 13 Bank fee QuickBooks - Assignment 2 25,000.00 CR 5,198.00 19,802.00 CR 22,627.00 CR 485.90 22,141.10 CR 27,113.10 CR 0002 218.45 26,894.65 CR 0007 800.00 26,094.65 CR 20.00 26,074.65 CR 0006 600.00 25,474.65 CR Net Income: $3,987.55 Book Value of Chequing Account after bank reconciliation: $20,712.83 Check figures: 0003