Your accountant goes through the mail and opens the bank statement for the month of February...

   

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Your accountant goes through the mail and opens the bank statement for the month of February provided by Bank of Canada. It is shown below. Bank of Canada Prepared for Tees R Us Date Information WithdrawalDeposit Balance Opening Balance Paid Chq#3355 24,300.00 23,800.00 35,100,00 7,010.40 -2,116.60 56,083.40 14,083.40 10,693.40 Feb 1 500.00 Feb 8 Deposit 11,300.00 Paid Chq#3356 Paid Chq#3357 Feb 14 28,089.60 Feb 15 9,127.00 Feb 17 Deposit 58,200.00 Feb 18 Chq#3358 42,000.00 Feb 19 Chq#11140 3,390.00 Feb 25 Chq#3359 10,343.40 350.00 9,267.40 9,233.40 9,523.40 Feb 28 Auto debit loan payment 1,076.00 Feb 28 Service Charge 34.00 Feb 28 Interest 290.00 General Ledger Accounts Account: Cash GL No: 101 Description Opening Balance Paid Chq#3354 Paid Chq#3355 Paid Chq#3356 Paid Chqt#3357 Received payment Date PR DR CR Balance (DR or CR) 35,600.00 DR 34,940.00 DR 34,440.00 DR 6,350.40 DR 2,776.60 CR 55,423.40 DR 13,423.40 DR 16,623.40 DR 16,273.40 DR 15,197.40 DR Feb 1 GJ3 660.00 Feb 1 GJ3 500.00 Feb 12 GJ3 28,089.60 Feb 15 GJ3 9,127.00 Feb 17 GJ3 58,200.00 Feb 18 Paid inventory Chq#3358 GJ3 42,000.00 Feb 20 Received payment 3,200.00 GJ3 Feb 25 Petty Cash Chq#3359 GJ3 350.00 Feb 28 Paid loan GJ3 1,076.00 Additional Information: a) The $11,300 is aiready recorded in the ledger last month. b) Cheque number of the company has (4) digits. Required: Prepare the February bank reconciliation for Tees R Us using the bank statement and general ledger provided. Compare the information in the general ledger to the bank statement. Once reconciled, record the relevant journal entries in the general journal and post the entries in the general ledger to bring the company's record up to date. Interest Expense Office Supplies Expense Rent Expense Salaries Expense Bank Charges Expense Maintenance Expense Entertainment Expense Shipping Expense Cash Over and Short Total Your accountant goes through the mail and opens the bank statement for the month of February provided by Bank of Canada. It is shown below. Bank of Canada Prepared for Tees R Us Date Information WithdrawalDeposit Balance Opening Balance Paid Chq#3355 24,300.00 23,800.00 35,100,00 7,010.40 -2,116.60 56,083.40 14,083.40 10,693.40 Feb 1 500.00 Feb 8 Deposit 11,300.00 Paid Chq#3356 Paid Chq#3357 Feb 14 28,089.60 Feb 15 9,127.00 Feb 17 Deposit 58,200.00 Feb 18 Chq#3358 42,000.00 Feb 19 Chq#11140 3,390.00 Feb 25 Chq#3359 10,343.40 350.00 9,267.40 9,233.40 9,523.40 Feb 28 Auto debit loan payment 1,076.00 Feb 28 Service Charge 34.00 Feb 28 Interest 290.00 General Ledger Accounts Account: Cash GL No: 101 Description Opening Balance Paid Chq#3354 Paid Chq#3355 Paid Chq#3356 Paid Chqt#3357 Received payment Date PR DR CR Balance (DR or CR) 35,600.00 DR 34,940.00 DR 34,440.00 DR 6,350.40 DR 2,776.60 CR 55,423.40 DR 13,423.40 DR 16,623.40 DR 16,273.40 DR 15,197.40 DR Feb 1 GJ3 660.00 Feb 1 GJ3 500.00 Feb 12 GJ3 28,089.60 Feb 15 GJ3 9,127.00 Feb 17 GJ3 58,200.00 Feb 18 Paid inventory Chq#3358 GJ3 42,000.00 Feb 20 Received payment 3,200.00 GJ3 Feb 25 Petty Cash Chq#3359 GJ3 350.00 Feb 28 Paid loan GJ3 1,076.00 Additional Information: a) The $11,300 is aiready recorded in the ledger last month. b) Cheque number of the company has (4) digits. Required: Prepare the February bank reconciliation for Tees R Us using the bank statement and general ledger provided. Compare the information in the general ledger to the bank statement. Once reconciled, record the relevant journal entries in the general journal and post the entries in the general ledger to bring the company's record up to date. Interest Expense Office Supplies Expense Rent Expense Salaries Expense Bank Charges Expense Maintenance Expense Entertainment Expense Shipping Expense Cash Over and Short Total

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Bank Reconciliation Statment Particulars Amount Balances with B... View the full answer