Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
Post
by answerhappygod »
- Burnaby Company Bank Reconciliation For October 31 2011 9 843 80 Deposit Of Oct 31 In Transit 1 796 50 11 640 30 1 (38.25 KiB) Viewed 44 times
- Burnaby Company Bank Reconciliation For October 31 2011 9 843 80 Deposit Of Oct 31 In Transit 1 796 50 11 640 30 2 (36.17 KiB) Viewed 44 times
Burnaby Company Bank Reconciliation For October 31-2011 $ 9,843.80 Deposit of Oct. 31 in transit $ 1,796.50 $ 11,640.30 NSF Cheque & service charge Outstanding Cheques: Bank Service Charge #537 $948.24 #1542 $937.72 $1,885.96 Adjusted bank balance $ 9,754.34 Adjusted book balance The Cash account in the General Ledger appeared as follows on November 30 (Burnaby Company uses only a General Journal to record Transactions): 101-Cash Date Explanation PR Debit Credit Balance Oct. 31 Balance Nov. 1 Cheque #1543 J5 1800 Cheque #544 J5 679.12 Cheque #545 J5 921.84 Cheque #546 J5 910.72 Cheque #547 J5 891.02 16 949.04 J6 991.16 16 1908.56 16 917.12 16 699.36 J6 1970.36 885.36 931.84 1776.58 Bank Statement Balance Add: Deduct: 2011 1 1 1 1 1 Cheque #548 Cheque #549 1 9 Deposit 9 Cheque #550 9 Cheque #551 18 Deposit 20 Cheque #552 16 27 Cheque #553 J6 29 Deposit 16 Book Balance Deduct: 9754.34 7954.34 7275.22 6353.38 5442.66 4551.64 3602.6 2611.44 4520.00 3602.88 2903.52 4873.88 3988.52 3056.68 4833.26 $ 10,054.69 285.40 14.95 $ 300.35 $ 9,754.34 1
The following bank statement is available for November 2011: Bank Statement To: Burnaby Corporation Debits/Credits 31-Oct #549 11/1 1796.50 #543 #537 #551 11/9 1908.56 #542 #544 #547 11/18 1970.36 #545 #546 SC 11/30 SC = INT= NSF= Not Sufficient Service PMT= Principal Interest Funds Charge Payment Required: a. Prepare a bank reconciliation for Burnaby Company for the month of November 2011. b. Prepare the necessary journal entries resulting from the bank reconciliation. Cheques/Charges 11/1 991.16 11/2 1800 11/7 948.24 11/9 699.36 11/12 937.72 11/14 679.12 11/18 891.02 11/20 921.84 11/29 910.72 11/30 36.5 30-Nov-11 Bank of Canada Balance 9843.80 10649.14 8849.14 8849.14 91110.10 8172.38 7493.26 8572.60 7650.76 6740.04 6703.54
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!