Question: Typing please On March 31, 2016, Home Decorating Pavilion received a bank statement containing a balance of $9,750. The balance in the firm and Cash
Typing please On March 31, 2016, Home Decorating Pavilion received a bank statement containing a balance of $9,750. The balance in the firm and Cash account on the same date was $10,290, The difference between the two balances is caused by the items listed below. a. A $2, 875 deposit made on march 30 does not appear on the statement. b. check 358 for $485 issued on March 29 and check 359 for $1,650 issued on march 30 have not yet been paid by the bank. c. A credit memorandum shows that the bank has collected a $1,100 note receivable and Interest of $110for the firm e. A service charge of $25 appears on the bank statement. f. debit memorandum shows an NSF check for $525.(The check was issued by Dane smithey, a credit customer.) f. The firm's records indicate that check 341 was issued for $900 to pay the month's rent. However, the canceled check and the listing on the bank statement show that the actual amount of check was $800. g. the bank made an error by deducting a check for $560 issued by the another business from the balance of Home Decorating pavilion's account
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
