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Question 2 John Snow’s chequebook lists the following: Date Cheque # Item Cheque Deposit Balance Nov...

Question 2

John Snow’s chequebook lists the following:

Date

Cheque #

Item

Cheque

Deposit

Balance

Nov

1

$505

4

622

Horizon Utility

$39

466

9

Dividends

$116

582

13

623

Canadian Tire

43

539

14

624

Petro-Canada

58

481

18

625

Cash

50

431

26

626

Faith of the Seven Church

25

406

28

627

Afforable Housing

275

131

30

Paycheque

746

877

The November bank statement shows:

Balance

$505

Add deposits

116

Deduct cheques

No.              Amount

622                    $39

623                      43

624                      85

625                      50

Other charges:

NSF cheque

$8

Service charge

12

Balance

$384
business   accounting   
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Homework Answers

Answer #1
Bank Reconcielation Statement
Balance as Per Bank Statement 384 Balance as Per Book 877
Add Deposit in transit 746 NSF -8
Less Outstanding cheque Service Charge -12
Check 626 -25
Check 627 -275 -300
Less Bank error 85-58 27
Adjusted Balance 857 Adjusted Balance 857
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