The following information is available for River Boat Tours: A balance in the cash account on November
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Question:
The following information is available for River Boat Tours:
- A balance in the cash account on November 30th of $10,398
- A balance on the bank statement on November 30th of $13,756
- During the month of November, there were four cheques that were written but hadn’t cleared the bank account as of November 30th: cheque #105 for $78, cheque #109 for $478, cheque #110 for $341, and cheque #113 for $840.
- A deposit made to the bank account on November 30th didn’t show up in the banking records until December 1st. The amount was for $621.
- The bank statement for November showed that an electronic deposit was made from one of River Boat Tours’ customers in the amount of $3,250. It hadn’t yet been recorded in their accounting records.
- The bank statement for November showed an automatic withdrawal made for a boat loan in the amount of $700. It hadn’t yet been recorded in the accounting records.
- River Boat Tours wrote cheque #101 for $760, but recorded it in the records as $670.
- The bank statement for November showed bank charges of $218. It hadn’t yet been recorded in their accounting records.
Required:
1. Prepare the Bank Reconciliation for River Boat Tours for the month of November. Make sure it is in the proper format.
2. Record any journal entries necessary resulting from the Bank Reconciliation.
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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